Ethereum gained bearish momentum below the $3,100 level against the US Dollar. ETH price extended decline and settled below the $3,000 support zone.
- Ethereum started another decline and traded below the key $3,000 support.
- The price is now trading below $3,050 and the 100 hourly simple moving average.
- There is a connecting bearish trend line forming with resistance near $2,990 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could recover, but upsides might be capped near…
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