Ethereum Indicators Suggest ETH at Potentially Significant Turning Point

Ethereum is slowly moving lower below $1,900 against the US Dollar. ETH must stay above $1,850 to avoid more losses in the near term.

• Ethereum started a downside correction below the $1,920 level.

• The price is now trading below $1,920 and the 100 hourly simple moving average.

• There is a key declining channel forming with resistance near $1,900 on the hourly chart of ETH/USD (data feed via Kraken).

• The pair could continue to decline if it stays below $1,900 and $1,950.

Read more at https://www.newsbtc.com/analysis/eth/ethereum-turning-point-1900/