In the past few days, ethereum saw a major decline from the $4,000 resistance against the US Dollar. ETH price broke the $3,500 support zone and the 55 simple moving average (4-hours). The price even traded below the $3,400 and $3,300 levels. Finally, the price spiked below the $3,150 support level. The recent low was formed near $3,111 before the price started an upside correction. It broke the $3,200 resistance level. There was a move above the 50% Fib retracement level of the recent decline from the $3,472 swing high to $3,111 swing low. ETH is now trading below $3,500 and the 55 simple moving average (4-hours). ... (full story)