Ethereum Price Rebound Runs Out Of Fuel Near Key Resistance

Ethereum price started a recovery wave above the $1,620 zone. ETH is now consolidating and struggling to continue higher above the $1,700 resistance. Ethereum started a recovery wave above the $1,620 zone. The price is trading below $1,680 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $1,685 on the hourly chart of ETH/USD (data feed via Krak