Ethereum started a fresh decline from the $3,080 resistance against the US Dollar. ETH price traded below the key $3,000 support and even declined below $2,920.
- Ethereum failed to clear $3,080 and started a fresh decline.
- The price is now trading below $3,000 and the 100 hourly simple moving average.
- There was a break below a key rising channel with support near $3,030 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could recover, but upsides might be capped near the $2,950…
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