Ethereum started a downside correction from $1,665 against the US Dollar. ETH could start a fresh increase if it stays above the $1,550 support.
- Ethereum is correcting gains from the $1,650 and $1,665 resistance levels.
- The price is now trading above $1,550 and the 100 hourly simple moving average.
- There is a key declining channel forming with resistance near $1,600 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a fresh increase if…
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