Ethereum Price Latest Push Raises Question: Has a Short-Term Top Formed?

Ethereum price failed to clear the $3,300 resistance and dipped. ETH is now showing a few bearish signs and might decline toward $3,080. Ethereum started a downside correction below $3,240 and $3,200. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $3,200 zone. Ethereum Price Trims Gains Ethereum price failed to continue higher above $3,300 and started a downside correction, like Bitcoin . ETH price dipped below $3,240 and $3,220 to enter a short-term bearish zone. There was a break below a key bullish trend line with support at $3,200 on the hourly chart of ETH/USD. The pair even dipped below $3,150. A low was formed at $3,123, and the price...

https://www.newsbtc.com/analysis/eth/ethereum-price-short-term-top-94k/