Ethereum started a downside correction from the $1,675 high against the US Dollar. ETH must stay above the $1,550 support to start a fresh increase.
- Ethereum climbed higher above $1,650 before it started a downside correction.
- The price is now trading below $1,600 and the 100 hourly simple moving average.
- There is a key bearish trend line forming with resistance near $1,605 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could rise steadily if it…
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