TA: Ethereum Price at Make-or-Break Levels, Rally Remains Attractive To Sellers

Oct 10, 2022 08:00 am Cryptocurrency 125

Ethereum declined below the $1,350 support against the US Dollar. ETH could start a steady increase if there is a clear above the $1,350 resistance.

Ethereum started a fresh decline after it failed to clear the $1,385 resistance zone.

The price is now trading below $1,350 and the 100 hourly simple moving average.

There was a break above a major bearish trend line with resistance near $1,320 on the hourly chart of ETH/USD (data feed via Kraken).

The pair must stay above the $1,300 level to avoid a major decline in the near term.

Ethereum Price Holds Key Support

Ethereum failed to gain pace above the $1,385 and $1,400 resistance levels. ETH topped near the $1,385 level and started a fresh decline.

There was a move below the $1,360 and $1,350 support levels. Ether price even settled below the $1,350 and the 100 hourly simple moving average. A low was formed near $1,305 and the price is now slowly moving higher. There ..

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