Ethereum Price Analysis: ETH/USD’s Failure Near $300 Explained

Key Highlights ETH price traded higher, but it failed to hold gains above $300 against the US Dollar. There is a major bearish trend line capping gains with current resistance at $299 on the hourly chart of ETH/USD (data feed via Kraken). The pair may dip a few points and it could test the $273 and $271 support levels.

Ethereum price failed to hold gains against the US Dollar and bitcoin. ETH/USD buyers did not succeed in clearing a strong sell zone near $300 and the 100 hourly SMA.

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Key Highlights ETH [+]    Dollar [+]    ETH [+]    USD [+]    Kraken [+]    Ethereum [+]    SMA [+]   

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