Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time.
- Ethereum started a fresh decline after it failed to clear the $1,350 resistance.
- The price is now trading below $1,320 and the 100 hourly simple moving average.
- There was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bearish…
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