Ethereum Price Struggles Below Key Resistance Levels
- Ethereum price declined below the $1,650 and $1,620 levels.
- The price is trading under $1,600 and the 100-hourly Simple Moving Average.
- A bearish trend line is forming with resistance at $1,600 on the ETH/USD hourly chart.
- Key support levels are near $1,560 and $1,535.
- Major resistance levels are at $1,650 and potentially up to $1,690.
Ethereum’s price is facing resistance around the $1,600 mark after declining below key levels. It currently trades below major moving averages with significant support at $1,535.
Source (2.6)https://www.newsbtc.com/analysis/eth/ethereum-price-struggles-1650/?rand=52377
