Ethereum Price Dips Again—Time to Panic or Opportunity to Buy?

Ethereum Price  Dips Again—Time to Panic or Opportunity to Buy?

Ethereum price started a fresh decline from the $1,690 zone. ETH is now consolidating and might decline further below the $1,580 support zone.


  • Ethereum started a fresh decline after it failed to clear $1,700 and $1,720.

  • The price is trading below $1,620 and the 100-hourly Simple Moving Average.

  • There was a break below a new connecting bullish trend line with support at $1,625 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could start a fresh increase if it clears the $1,640 resistance zone.

  • Ethereum Price Faces Rejection


    Ethereum price formed a base above $1,550 and started a fresh increase, like Bitcoin. ETH gained pace for a move above the $1,600 and $1,620 resistance levels.


    The bulls even pumped the price above the $1,650 zone. A high was formed at $1,690 and the price recently corrected gains. There was a move below the $1,640 support zone. Besides, there was a break below a new connecting ..

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