08-04-2021 07:08 via newsbtc.com

TA: Ethereum Dips Below $2K, Here’s What Could Trigger A Fresh Increase

Ethereum extended its decline below the $2,000 support against the US Dollar. ETH price is now consolidating losses and it could start a fresh increase if it clears $2,010.Ethereum extended its decline below the $2,050 and $2,000 support levels.
The price is now trading well below $2,050 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $2,065 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a decent increase if
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