Ethereum Price Analysis: ETH Is At Risk of More Losses Below $121

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Ethereum Price Analysis: ETH Is At Risk of More Losses Below $121

Key Highlights

  • ETH price recovered a few points, but it failed to clear the $130 and $131 resistances against the US Dollar.
  • There is a major bearish trend line in place with resistance at $130 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to struggle near $130 and it may decline further in the short term.

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