TA: Ethereum Price at Make-or-Break Levels, Rally Remains Attractive To Sellers

Ethereum declined below the $1,350 support against the US Dollar. ETH could start a steady increase if there is a clear above the $1,350 resistance.

• Ethereum started a fresh decline after it failed to clear the $1,385 resistance zone.
• The price is now trading below $1,350 and the 100 hourly simple moving average.
• There was a break above a major bearish trend line with resistance near $1,320 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair must stay above the $1,300 level to avoid a major decline in the near term.

Ethereum Price Holds Key Support

Ethereum failed to gain pace above the $1,385 and $1,400 resista