Ethereum price failed to clear the $3,280 resistance zone. ETH declined below the $3,200 support and is now consolidating losses above $3,100.
Ethereum struggled to clear the $3,250 and $3,280 resistance levels.
The price is trading below $3,200 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support at $3,190 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it trades below the $3,100 support.
Ethereum Price Trims Gains
Ethereum price struggled to clear the $3,250 and $3,280 resistance levels. ETH started a fresh decline and traded below the $3,200 support to enter a short-term bearish zone, like Bitcoin.
Besides, there was a break below a key bullish trend line with support at $3,190 on the hourly chart of ETH/USD. The pair even declined below $3,150 and tested $3,100. A low has formed at $3,105 and the price is now consolidating losses.
Ethereum is now trading below $3,200 and t
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