Ethereum started a decent recovery wave above $1,180 against the US Dollar. ETH could start a fresh decline if it stays below the $1,250 resistance.
- Ethereum struggled to gain pace for a move above the $1,230 resistance level.
- The price is now trading above $1,170 and the 100 hourly simple moving average.
- There is a short-term bullish flag forming with resistance near $1,200 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a fresh decline if there is no clear…
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