Ethereum Price Struggles To Gain Pace, Recovery Remains Fragile

Ethereum price started a recovery wave above the $2,300 zone. ETH is now consolidating and might struggle to continue higher above the $2,385 resistance. Ethereum started a recovery wave from the $2,250 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a rising channel forming with resistance at $2,365 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,385 zone. Ethereum Price Faces Hurdles