TA: Ethereum Turns Red, Why ETH’s Recovery Could Be Limited

TA: Ethereum Turns Red, Why ETH’s Recovery Could Be Limited

Ethereum is following a bearish path below $4,100 against the US Dollar. ETH could recover, but upsides might be capped near $4,050 and $4,110. Ethereum extended its decline below the $4,100 and $4,000 support levels. The price is now trading below $4,100 and the 100 hourly simple moving average. There was a break below a crucial ascending channel with support near $4,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline if there is a break below $3,900 in the near term. Ethereum Price Could Extend Losses Ethereum failed to stay above the $4,120 and....


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TA: Ethereum Turns Red, Why Recovery Could Be Attractive To Sellers

Ethereum extended its decline below the $2,200 support zone against the US Dollar. ETH price is showing bearish signs and it might dive further towards $2,000. Ethereum is down over 10% and it even spiked below the $2,100 support zone. The price is now trading below the $2,200 support and the 100 hourly simple moving […]