Ethereum Price Prepares For The Next Move As Risk of Bounce Grows

Ethereum Price Prepares For The Next Move As Risk of Bounce Grows

Ethereum price failed to stay above $2,000 and corrected lower against the US Dollar. ETH could start a fresh rally if there is a move above $1,950. Ethereum started a downside correction and tested the $1,900 level. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,930 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,930 and $1,950 resistance levels. Ethereum Price Could Restart Rally Ethereum’s price rallied above the $1,970....


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