Ethereum Price Sinks To $2,800, Raising Fresh Downside Fears

Ethereum price extended losses and traded below the $2,865 zone. ETH is now consolidating losses and might aim for a recovery if it clears $2,920.Ethereum remained in a bearish zone and traded below $2,950.
The price is trading below $2,900 and the 100-hourly Simple Moving Average.
There is a bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it stays above the $2,800 zone.Ethereum Price Dips Furthe