Ethereum price started a minor recovery wave above the $3,200 zone. ETH is struggling and might continue to move down if it stays below $3,320.
Ethereum Price Faces Resistance
Ethereum price started a short-term recovery wave from the $3,160 level, like Bitcoin. ETH was able to recover above the $3,200 and $3,220 resistance levels.
The price cleared the 23.6% Fib retracement level of the downward move from the $3,743 swing high to the $3,160 low. There is also a connecting bullish trend line forming with support at $3,250 on the hourly chart of ETH/USD.
However, the ..
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