Ethereum Price Targets Fresh Lows, Can Bulls Save This Key Support?

Ethereum Price Targets Fresh Lows, Can Bulls Save This Key Support?

Ethereum price is struggling to stay above the $1,550 support against the US dollar. ETH could take a hit if it settles below $1,550 and then $1,540. Ethereum is showing bearish signs and struggling to clear the $1,600. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if the bulls defend the $1,550 support zone. Ethereum Price Struggles Ethereum failed to start a recovery wave above the $1,600....


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