Ethereum Price Loses $2,350 Level, Traders Eye Rebound Signals
Ethereum price started a fresh decline and traded below $2,350.
ETH is now consolidating above $2,250 and might struggle to recover.
Ethereum started a downside correction from the $2,465 zone.
The price is trading below $2,350 and the 100-hourly Simple Moving Average.
There is a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it stays above the $2,250 zone.
ETH
2,315.17
-0.49%