Ethereum is attempting a recovery wave from the $2,500 support against the US Dollar. ETH price must clear $2,700 and $2,750 to start a strong recovery wave.
- Ethereum found support near $2,500 and started an upside correction.
- The price is now trading below $2,700 and the 100 hourly simple moving average.
- There is a major bearish trend line forming with resistance near $2,690 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a strong recovery wave if it clears the…
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