Ethereum Price Downtrend Gains Pace—Is A Steeper Drop Ahead?

Ethereum price started a fresh decline and traded below $2,265. ETH is now consolidating above $2,220 and might struggle to recover. Ethereum started a downside correction below the $2,280 zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $2,295 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,220 zone. Ethereum Price Dips Further Ethereum