[[{“value”:”Ethereum price failed to continue higher above the $2,550 resistance zone. ETH is now consolidating near $2,450 and showing a few bearish signs.
Ethereum started a recovery wave above the $2,400 and $2,420 levels.
The price is trading below $2,550 and the 100-hourly Simple Moving Average.
There was a break below a connecting bullish trend line with support at $2,500 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could rise steadily if it clears the $2,550 resistance zone.
Ethereum Price Struggles Below $2,550
Ethereum price started a recovery wave above the $2,250 resistance level. ETH climbed above the $2,320 and $2,450 resistance levels like Bitcoin above $65,000.
However, the bears were active near the $2,550 resistance zone. A high was formed at $2,555 before there was a downside correction. The price declined below the $2,450 level. It dipped below the 23.6% Fib retracement level of the upward move from the $1,911 swing low to the $2,555 high.
Besides
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-weakness-2550/
