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Ethereum price started a recovery wave above $2,850. ETH faces resistance near $3,000 and might start a fresh decline in the near term.
Ethereum started a recovery wave above $2,800 and $2,850.
The price is trading above $2,850 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $2,970 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it settles below the $2,840 zone.
$ETH