Ethereum started another decline below the $3,400 support zone against the US Dollar. ETH price must stay above $3,150 to avoid more losses in the near term.
- Ethereum started a fresh decline from the $3,500 and $3,550 resistance levels.
- The price is now trading below $3,300 and the 100 hourly simple moving average.
- There is a major bearish trend line forming with resistance near $3,360 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could a steady increase as long as it is…
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