Ethereum faced a strong rejection near $1,300 against the US Dollar. ETH is declining, but there is a major support waiting near $1,240 and $1,220.
- Ethereum struggled to clear the $1,295 and $1,300 resistance levels.
- The price is now trading below $1,260 and the 100 hourly simple moving average.
- There was a break below a key contracting triangle with support at $1,270 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair is now approaching a major support at $1,240 and…
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