Ethereum price struggled to climb above the $3,650 resistance and trimmed gains. ETH is now signaling a downside break and might decline below $3,450.
• Ethereum is trimming gains from the $3,620 resistance zone.
• The price is trading below $3,550 and the 100-hourly Simple Moving Average.
• There was a break below a short-term rising channel forming with support at $3,540 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could gain bearish momentum if it dips below the $3,485 and $3,450 support levels.