Ethereum Price (ETH) Struggling Near 100 SMA While Bitcoin Consolidating
ETH price extended its decline and tested the $170 support area against the US Dollar.
The price is currently correcting higher, but it is struggling to break the $175 resistance area.
There was a break above a major declining channel with resistance near $173 on the hourly chart of ETH/USD (data feed via Kraken).
The bulls need to push the price above $175 and the 100 hourly simple moving average.Ethereum price is facing hurdles near $175 versus the US Dollar, while bitcoin is consolidating. E
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