Ethereum Price Reverse Gains, Can ETH Bulls Save The Day?
Ethereum price rallied above the $3,300 level. ETH tested the $3,350 resistance and recently started a sharp decline below $3,300.Ethereum rallied toward $3,350 before the bears appeared again.
The price is trading below $3,220 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support at $3,250 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it trades below the $3,165 support.Ethereum Price Trims Gains
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