updraftplus
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Ethereum failed to stay above $2,400 and started a major correction against the US Dollar. ETH price is now approaching the key $2,100 and $2,080 support levels<\/em><\/p>\n Ethereum started a major upward move above the $2,000 resistance, similar to bitcoin<\/a>. ETH price surged above the $2,250 resistance and the 100 hourly simple moving average.<\/p>\n However, the price faced a strong selling interest near the $2,400 and $2,450 levels. A high was formed near $2,431 before the price started a downside correction. There was a major decline below the $2,320 and $2,250 support levels.<\/p>\n The price even broke the 61.8% Fib retracement level of the upward move<\/a> from the $2,110 swing low to $2,431 high. Besides, there was a break below a major bullish trend line with support near $2,200 on the hourly chart of ETH\/USD.<\/p>\n\n
Ethereum Price Corrects Lower<\/h2>\n