Ethereum Price Lacks Momentum Above $1,660, ETH Holders Are Safe: Here's Why
Ethereum price is still struggling to gain pace above $1,670 and $1,680 against the US Dollar. ETH must stay above $1,620 to start another increase....
- Ethereum price is struggling to break above the $1,670 and $1,680 resistance levels against the US Dollar.
- The price needs to stay above $1,620 to initiate another increase.
- A key contracting triangle is forming with resistance near $1,650 on the hourly chart.
- If Ethereum fails to clear the $1,660 resistance, it could start another decline.
- The major support level is at $1,620 and the major resistance level is at $1,660.
The sentiment of the article is neutral. It highlights the struggle of Ethereum to break resistance levels and the possibility of a decline if it fails to do so. However, it also mentions the potential for an increase if certain conditions are met.