Ethereum Price Pulls Back: ETH Gains Under Pressure

Jul 19, 2024 04:00 am Cryptocurrency 45

Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380.

Ethereum is correcting gains from the $3,500 zone.

The price is trading above $3,400 and the 100-hourly Simple Moving Average.

There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could continue to decline further if there is a close below the $3,350 support.

Ethereum Price Retreats From $3,500

Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below the $3,450 and $3,440 support levels to enter a short-term bearish zone, like Bitcoin.

There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD. The pair even spiked below $3,400 and ..

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