Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,400
Ethereum is moving down below $1300 against the US Dollar ETH remains at risk of a major decline if it stays below $1400.
Ethereum started a fresh decline after it failed to clear the $1350 resistance.
The price is currently trading below $1320 and the 100 hourly average.
There was a break below a key bullish trend line with support near $1320 on the hourly graph of ETH/USD.
The pair could gain bearish momentum if it breaks the $1265 support level.
Ethereum fresh increase above the $1350 level ETH struggled to gain pace for a move above the $1350 level.
The live Ethereum price today is $1,290.11 with a 24-hour trading volume of $8,631,766,835.Ethereum is down 0.48% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $157,875,935,900 USD. It has a circulating supply of 122,373,863 ETH coins.
ETH Price statistics ETH price change in 24h is $5.13 and 24h low is $1,275.32 and 24h High is $1,306.53 with 17.16 Market dominance.
ETH price traded as high as $1340 and started a fresh decline there was a move below the $1320 support level, and there was a break below a key bullish trend line with support near $1320 on the hourly chart of ETH/USD the pair even decline below the 50% FIB level of the upward move from the $1262 swing to $1340 high.
Ethereum price is currently trading below $1320 and the 100 hourly simple moving average the upside is near the $1390 level on the same graph.
If Ethereum fails to climb above the $1240 level or the 1236 FIB extension level of the upward move from the $1262 swing low to the $1340 high the $1240 zome may start a fresh decline to $1220.
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