Ethereum is struggling to clear the $1,650 resistance against the US Dollar. ETH remains at a risk of more downsides below the $1,500 support.
Ethereum Price Turns Red
Ethereum started a minor upside correction from the $1,520 support zone. ETH climbed above the $1,550 and $1,600 levels.
The price even climbed above the $1,640 level and the 100 hourly simple moving average. There was a break above the 23.6% Fib retracement level of the key decline from the $1,880 swing high to $1,524 low. However, the bears were active above the $1,650 level.
There was no upside continuation above the $1,680 level. Ether price is now trading below $1,630 and the 100 hourly simple moving average. ..
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