Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom

Ethereum price started a fresh decline and traded below $1,750. ETH is now consolidating below $1,750 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,800. The price is trading below $1,780 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,820 zone. Ethereum Price Remains In Downtrend Ethereum price failed to remain stable above $1,840 and started a fresh decline, like Bitcoin. ETH price dipped below the $1,800 and $1,780 levels. The price even traded below $1,750. A low was formed at $1,715, and the price is now consolidating losses well below th...