Ethereum price rallied above the $3,300 level. ETH tested the $3,350 resistance and recently started a sharp decline below $3,300.
Ethereum rallied toward $3,350 before the bears appeared again.
The price is trading below $3,220 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support at $3,250 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it trades below the $3,165 support.
Ethereum Price Trims Gains
Ethereum price started a strong increase above the $3,200 level. ETH outperformed Bitcoin and even cleared the $3,300 resistance. However, the bears were active near the $3,350 level.
A high was formed at $3,355 and the price started a fresh decline. There was a sharp move below the $3,300 level. The price declined below the 50% Fib retracement level of the upward move from the $3,070 swing low to the $3,355 high.
There was also a break below a key bullish trend line with support a
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-reverse-gains-3220/
