NewsBTC8 minutes ago

Published on August 14, 2023 05:15 GMT+00:00edited on August 14, 2023 05:19 GMT+00:00

Ethereum price is attempting a recovery wave from the $1,835 zone against the US Dollar. ETH could start a steady increase if it clears the $1,860 resistance.

• Ethereum is trading in a range below the $1,860 and $1,880 resistance levels.
• The price is trading below $1,850 and the 100-hourly Simple Moving Average.
• There was a break below a short-term rising channel with support near $1,845 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could drop again if it stays below the $1,860 resistance.

Ethereum Price Turns Red

Ethereum’s price struggled to clear the $1,860 resistance zone and started a fresh decline. ETH settled below the $1,850 level to move into a bearish zone, similar to Bitcoin.

There was a break below a short-term rising channel with support near …