Ethereum Price Flashes Weakness Signals, Pullback Fears Start Rising

Ethereum price started a fresh decline and traded below $2,265. ETH is now consolidating above $2,220 and might struggle to recover. Ethereum started a downside correction below the $2,265 zone. The price is trading below $2,280 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,285 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,300 zone. Ethereum Price Extends Losses Ethereum price failed to remain stable above $2,300 and started a fresh decline, like Bitcoin. ETH price dipped below the $2,280 and $2,265 levels. The price even traded below $2,250. A low was formed at $2,233, and the price is now consolidating losses. There was a minor upward move ...