Ethereum Price Drops Below $2,350, Recovery Hopes Start To Fade

Ethereum price started a fresh decline and traded below $2,350. ETH is now consolidating above $2,265 and might struggle to recover. Ethereum started a downside correction from the $2,400 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,310 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,350 zone. Ethereum Price Trims Gains Ethereum pr