Ethereum failed to clear the $1,350 resistance and corrected lower against the US Dollar. ETH is holding the key support and might aim a fresh move to $1,400.
Ethereum Price Remains Supported
Ethereum struggled to continue higher above the $1,350 resistance, similar to bitcoin price. ETH formed a short-term high at $1,343 and started a downside correction.
There was a move below the $1,320 and $1,300 levels. Ether price even spiked below $1,280 and the 100 hourly simple moving average. However, the bulls were active near the $1,265 support zone. A low was formed near $1,262 and the price is now rising.
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