Ethereum Price Rejected Again Will Momentum Return

Ethereum Faces Resistance After Price Correction

• Ethereum’s price corrected from a $3,500 resistance level.
• The price is trading below $3,320 and the 100-hourly Simple Moving Average.
• A bearish trend line shows resistance at $3,380 on the ETH/USD hourly chart.
• The main resistance levels are at $3,300 and $3,380.
• Support levels are identified at $3,150 and $3,120.

Ethereum’s price is consolidating after failing to maintain gains above the $3,500 mark. It faces significant resistance around the $3,300 level while finding support near $3,120.