Ethereum Price Struggles Against Resistance: A Tough Road Ahead

Ethereum Price Struggles Against Resistance: A Tough Road Ahead

Ethereum price struggled to continue higher above $3,220. ETH is now consolidating losses and might face resistance near the $3,220 zone.


  • Ethereum started a fresh decline below the $3,120 zone.

  • The price is trading below $3,180 and the 100-hourly Simple Moving Average.

  • There is a key bearish trend line forming with resistance at $3,220 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could start another decline if it stays below the $3,200 level.

  • Ethereum Price Faces Resistance


    Ethereum price started a fresh decline below the $3,220 and $3,180 levels, like Bitcoin. ETH even declined below the $3,050 level before the bulls appeared.


    A low was formed at $3,021 and the price recently corrected some losses. There was a move above the $3,120 and $3,150 levels. The price climbed above the 23.6% Fib retracement level of the downward move from ..

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