Ethereum Could Narrowly Avoid a Major Decline if it Closes Above One Key Level

Ethereum Could Narrowly Avoid a Major Decline if it Closes Above One Key Level

Ethereum 5

Ethereum spiked below the $400 support before recovering higher against the US Dollar. ETH price must surpass the $420 resistance and the 100 hourly SMA to start a fresh increase.

  • Ethereum is currently holding the $405 and $400 support levels.
  • The price is facing a major barrier near the $420 level and the 100 hourly simple moving average.
  • There was a break above a crucial bearish trend line with…

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