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ETH is Facing Uphill Task Near $3K
In the past few days, there were additional losses in ethereum below the $3,000 level against the US Dollar. ETH broke many supports near $2,800 to move into a bearish zone. The price even broke the $2,500 support level and the 55 simple moving average (4-hours). The bears pushed the price below the $2,000 level and the price traded as low as $1,737. Recently, the price started an upside correction above the $2,000 level.There was a break above a key bearish trend line with resistance near $2,200 on the 4-hours chart. The price climbed above the 50% Fib retracement level of the recent decline from the $3,010 swing ... (full story)