Ethereum Price Indicators Show Vulnerability to Bigger Correction
Ethereum price started a fresh decline from the $1,940 resistance against the US Dollar. ETH retested $1,825 and is showing a few bearish signs.Ethereum struggled to settle above the $1,925 and $1,940 resistance levels.
The price is trading below $1,880 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support near $1,895 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it clears the $1,800 support zone.E
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