Ethereum started a downside correction from the $335 swing high against the US Dollar. ETH price is currently approaching a major support zone near $305 and the 100 hourly SMA.
- Ethereum is losing bullish momentum and it is now trading below $320.
- The price is likely to find a strong buying interest near $305 or the 100 hourly simple moving average.
- There was a break below a key ascending channel…