Crypto News

Ethereum (ETH) Price Analysis: After a sharp decline, Ethereum price found support near the $2,400 level against the US Dollar. ETH price started a recovery wave and it climbed above the $2,500 resistance level. BTC, DOGE, and ETH are trending hashtags on Twitter and other social media platforms as investors are closely watching the volatile market. The price even spiked above the 23.6% Fib retracement level of the downward move from the $2,790 high to $2,400 low. However, the price failed to clear the $2,550 resistance zone. ETH is currently consolidating above the $2,500 level and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $2,500 on the hourly chart of ETH/USD. If there is an upside break above the trend line resistance and $2,550, the price could start a steady increase. On the downside, an initial support is near the $2,500 level and the 100 hourly SMA. The main support is now forming near the $2,450 level. I...