Ethereum extended losses below the $1,400 support against the US Dollar. ETH is consolidating and might recover if there is a clear move above $1,340 resistance.
- Ethereum started a major decline below the $1,400 and $1,350 levels.
- The price is now trading below $1,400 and the 100 hourly simple moving average.
- There is a key bearish trend line forming with resistance near $1,320 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair is down over 10% and…
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