Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market

Jun 24, 2024 04:01 am Cryptocurrency 19

Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 zone.

Ethereum is trimming gains from the $3,550 resistance zone.

The price is trading below $3,500 and the 100-hourly Simple Moving Average.

There is a key bearish trend line forming with resistance near $3,465 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could gain bearish momentum if it dips below the $3,385 and $3,350 support levels.

Ethereum Price Dips Further

Ethereum price struggled to start a fresh increase above the $3,550 zone. ETH followed Bitcoin’s bearish path and the price declined below the $3,500 level. The bears pushed the price below the $3,420 support zone.

A low was formed at $3,388 and the price is now consolidating losses. It is struggling near the 23.6% Fib retracement le ..

Support the originator by clicking the read the rest link below.