TA: Ethereum Revisits $2,400, Here’s What Could Trigger More Downsides

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Ethereum failed to surpass $2,600 and started a fresh decline against the US Dollar. ETH price is holding the $2,400 support, but it is likely to face sellers near $2,550.

  • Ethereum made two attempts to gain strength above $2,625, but failed.
  • The price is now trading well below $2,550 and the 100 hourly simple moving average.
  • There was a break below a key rising channel with support near $2,520 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair mut stay above $2,400 to avoid more downsides […]

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