Ethereum Price Grinds Lower As Bears Target Fresh Low Below $1,550

Ethereum Price Grinds Lower As Bears Target Fresh Low Below $1,550

Ethereum price is facing many hurdles below the $1,700 resistance against the US Dollar. ETH could extend its decline below the $1,580 and $1,550 levels. Ethereum is still struggling to recover above the $1,700 and $1,720 levels. The price is trading below $1,680 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,665 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it breaks the $1,580 support in the near term. Ethereum Price Faces Uphill Task Ethereum’s price failed to climb above the....


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