Ethereum Price Falls Back to $3,200, Recovery Faces Its First Real Test

Ethereum price started a fresh decline from the $3,400 resistance. ETH is now consolidating losses and holding the key support at $3,200.Ethereum started a sharp downside correction below $3,320.
The price is trading below $3,250 and the 100-hourly Simple Moving Average.
There was a break below a bullish trend line with support at $3,220 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it stays above the $3,180 zone.Ethereum Price Dips To Support
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