Analysis of the Ethereum Price: ETH Struggles Below $3K
Published in
2 min readMar 8, 2022
The price of Ethereum began a new drop from well over $3,000 versus the US dollar.
The price of ETH is now trading below $2,800 and the 55-day simple moving average (4-hours).
On the 4-hours chart, a strong negative trend line is formed with resistance around $2,590. (data feed from Coinbase).
If the pair fails to remain above the $2,445 support level, it may continue to fall.
The price of…
