Ethereum Could Reverse Losses If It Closes Above One Key Level

Ethereum Could Reverse Losses If It Closes Above One Key Level

Ethereum 11

Ethereum declined heavily after multiple rejections near $250 against the US Dollar. ETH price is now recovering, but it must settle above $240 to start a fresh increase.

  • ETH price is currently correcting higher from the $225 swing low against the US Dollar.
  • It is now trading above the $230 level and the 100 simple moving average (4-hours).
  • Earlier, there was a break below a key ascending channel…

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