Ethereum price started a downside correction from the $2,700 area. ETH is currently consolidating and struggling to stay above the $2,500 support. Ethereum started a downside correction below the $2,650 and $2,620 levels. The price is trading below the $2,650 level and the 100 hourly simple moving average. There was a break below a connecting bullish trend line with support at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally again if it stays above the $2,550 support area. Ethereum price cuts gains and revisits $2,550 Ethereum price is struggling to extend gains above the $2,700 resistance area. ETH started a downside correction below the $2,650 level just like Bitcoin. There was a decline below the $2,620 and $2,600 levels. The price declined below the 23.6% Fibonacci retracement level of the upward move from the $2,311 low to $2,722 high...
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