Ethereum Price Extends Decline As $2,220 Support Comes Into Play

Ethereum price started a downside correction below $2,350. ETH is now showing a few bearish signs and might decline further if it trades below $2,265. Ethereum started a downside correction below the $2,365 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,315 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,325 zone. Ethereum Price Dips Further Ethereum price failed to stay above the $2,350 zone and extended its decline, like Bitcoin. ETH price gained pace for a move below the $2,320 and $2,300 levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $2,220 swing low ...