Ethereum started a fresh decline from the $2,850 resistance against the US Dollar. ETH price is down over 5% and it is struggling to stay above $2,420.
- Ethereum declined sharply after there was a clear break below the $2,650 support.
- The price is now well below $2,650 and the 100 hourly simple moving average.
- There was a break below a key rising channel with support near $2,760 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could continue to move down unless there is a strong recovery […]
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