Ethereum Correcting Gains But 100 SMA Could Trigger Fresh Increase

Ethereum Correcting Gains But 100 SMA Could Trigger Fresh Increase

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…

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