Ethereum Price Hints At Potential Correction, Buy The Dip?

Nov 27, 2023 04:00 am Cryptocurrency 72

Ethereum price struggled above $2,100. ETH is now moving lower and might continue to drop toward the $1,930 support in the near term.

Ethereum is consolidating and facing resistance near the $2,060 zone.

The price is trading below $2,080 and the 100-hourly Simple Moving Average.

There is a key bearish trend line forming with resistance near $2,065 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could continue to move down if it breaks the $2,035 support zone.

Ethereum Price Drops Again

Ethereum price attempted a fresh increase above the $2,080 resistance zone. ETH even spiked above the $2,120 resistance zone, like Bitcoin. However, the bears were active above $2,120.

A high was formed near $2,132 before the price started a fresh decline. There was a move below the $2,080 level. A low is formed near $2,037 and the ..

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