Ethereum declined below the $1,300 support against the US Dollar. ETH is showing bearish signs and there is a risk of a more losses towards $1,200 or even $1,150.
- Ethereum started a fresh decline below the $1,350 and $1,320 support levels.
- The price is now trading below $1,300 and the 100 hourly simple moving average.
- There is a key bearish trend line forming with resistance near $1,285 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could continue to move down if it stays below the $1,300 pivot level.
Ethereum Price Dips Below Key Support
Ethereum struggled to recover above the $1,340 and $1,350 resistance lev
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