Ethereum Recovers 8%, But Here’s Why It Could Resume Its Decline

Ethereum Recovers 8%, But Here’s Why It Could Resume Its Decline

Ethereum 5

Ethereum found support near $310 and started an upside correction against the US Dollar. ETH price recovered 8%, but it is facing many hurdles near $360 and $370.

  • Ethereum is up over 8% and it broke the $335 and $340 resistance levels.
  • The price is still well below the $370 resistance and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near…

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