Ethereum failed to test $4,500 and corrected lower against the US Dollar. ETH is trading above $4,150 and it might attempt a fresh increase in the near term.
- Ethereum started a downside correction below the $4,320 and $4,250 levels.
- The price is now trading below $4,300 and the 100 hourly simple moving average.
- There is a key declining channel forming with resistance near $4,300 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a fresh increase if it stays above…
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