-
Ethereum Price Retreats: Market Sentiment Slowly Shifts Bearish
Ethereum price started a decent increase above the $3,500 zone. ETH outperformed Bitcoin and broke the $3,550 resistance. However, the price struggled to surpass the $3,620 level and failed to test $3,650. A high was formed at $3,620 and the price is now trimming gains. There was a minor decline below the $3,550 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,351 swing low to the $3,620 high. There was a break below a short-term rising channel forming with support at $3,540 on the hourly chart of ETH/USD. Ethereum is still trading below $3,550 and the 100-hourly Simple ... (full story)