Ethereum Price Analysis: ETH Could Extend Losses Below $80

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Ethereum Price Analysis: ETH Could Extend Losses Below $80

Key Highlights

  • ETH price failed to recover above the $90 resistance and declined recently against the US Dollar.
  • There is a new connecting bearish trend line formed with resistance at $89 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to decline further below the $83 and $80 support levels in the near term.

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