Ethereum Price Dips From $1,600 But ETH Could Start A Fresh Rally

Jan 19, 2023 06:00 am Cryptocurrency 108

Ethereum struggled to clear the $1,600 resistance and corrected lower against the US Dollar. ETH could remains supported and might rise from the $1,500 support.

Ethereum is correcting gains from the $1,600 and $1,580 resistance levels.

The price is now trading below $1,550 and the 100 hourly simple moving average.

There was a break below a key bullish trend line with support near $1,580 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could rise again if it stays above the $1,500 support zone.

Ethereum Price Remains Supported For More Gains

Ethereum price struggled to clear the $1,600 resistance zone. ETH formed a high near $1,610 and started a fresh downside correction, similar to bitcoin from $21,500.

There was a clear move below the $1,580 and $1,550 support levels. There was a break below a key bullish trend line with support near $1,580 on the hourly chart of ETH/USD. The bears even pushed the ..

Support the originator by clicking the read the rest link below.