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Ethereum Price Battles to Hold Strength: Will Bulls Prevail?
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Ethereum price is correcting gains below the $2,650 resistance. ETH is now trading near the $2,600 support and might face many hurdles.
Ethereum price struggled to stay above the $2,700 level. ETH started a downside correction below the $2,650 support level like Bitcoin.
There was also a move below the $2,600 level. A low was formed near $2,575 and the price is now consolidating losses. There was a minor increase above the $2,600 level.
The price climbed above the 23.6% Fib retracement level of the downward move from the $2,672 swing high to the $2,575 low. Ethereum price is now trading below $2,640 and the 100-hourly Simple Moving Average.
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