Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is moving lower and might decline heavily if it breaks the $1,140 support.
- Ethereum struggled to gain pace for a move above the $1,250 resistance level.
- The price is now trading below $1,180 and the 100 hourly simple moving average.
- There was a break below a key bullish trend line with support near $1,210 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bearish momentum if there is no clear…
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