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Friday

05 March 2021

Ethereum Price Analysis: ETH Starts Major Downside Correction | Live Bitcoin News

Ethereum Price Analysis: ETH Starts Major Downside Correction | Live Bitcoin News


smart summary beta

Ethereum price is correcting gains from well above $2,000 against the US Dollar.

It traded to a new all-time high at $2,043 and settled above the 55 simple moving average (4-hours).

The price dived below the $1,750 support and the 55 simple moving average (4-hours).

The price is moving lower and trading well below $1,750.

Looking at the chart, Ethereum price is clearly trading in a bearish zone below $1,850 and the 55 simple moving average (4-hours).

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