Ethereum Price Drops To Support, Another Chance To Load ETH?

Ethereum’s price has dropped to the $3,320 support level after facing rejection at $3,650. However, there might be another opportunity to load up on ETH as the price could potentially start another increase. Currently, Ethereum is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,420. If the price manages to settle above the $3,450 resistance zone, it could gain bullish momentum. Immediate resistance is near the $3,400 level, followed by $3,420 and $3,450. If the price continues to decline, the initial support is at $3,320, followed by $3,250. Further down, the key support is at the $3,220 zone. It’s important to conduct your own research and be aware of the risks associated with investing in cryptocurrencies. This information is provided for educational purposes only.