Ethereum failed to stay above $1,650 and extended losses against the US Dollar. ETH might continue to move down towards the $1,500 support zone.
Ethereum Price Extends Decline
Ethereum failed to stay above the $1,700 level and started a downside correction. ETH moved below the $1,660 and $1,650 support levels to enter a short-term bearish zone.
There was a clear move below the 23.6% Fib retracement level of the upward move from the $1,356 swing low to $1,785 high. Besides, there was a break below a declining channel with support near $1,610 on the hourly chart of ETH/USD.
Ether price is now trading below $1,650 and the 100 hourly simple moving average. It ..
Support the originator by clicking the read the rest link below.
