Ethereum price is still facing many hurdles near $3,200. ETH could start another major decline if the price stays below $3,200 and $3,280.
- Ethereum is struggling to recover above the $3,200 resistance zone.
- The price is trading below $3,200 and the 100-hourly Simple Moving Average.
- There is a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start another decline if there is a close below the $2,900 support zone.
Ethereum Price Consolidates
Ethereum price found support and attempted a recovery wave above the $3,000 resistance zone. ETH was able to climb above the $3,200 level. However, the bears were active near the $3,280 resistance zone.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased