Ethereum price is correcting gains from the $1,880 zone against the US Dollar. ETH could spike toward $1,820 before the bulls attempt a fresh increase.
Ethereum is moving lower from the $1,875 and $1,880 resistance levels.
The price is trading below $1,850 and the 100-hourly Simple Moving Average.
There is a bullish flag pattern forming with resistance near $1,855 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could drop toward the $1,820 support where the bulls might take a stand.
Ethereum Price Dips Again
Ethereum’s price struggled to clear the $1,880 resistance zone and started a downside correction. ETH slowly moved lower below the $1,850 pivot level, similar to Bitcoin.
There was a drop below the 23.6% Fib retracement level of the key increase from the $1,800 swing low to the $1,876 high. The bears even pushed the price below the 100-hourly Simple Moving Average. Besides, there is a bullish flag pattern forming with resistance near $1,855 on the hourly chart of
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