Ethereum price is slowly moving lower toward the $1,585 supp

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Ethereum price is slowly moving lower toward the $1,585 support against the US dollar. ETH must clear the $1,650 resistance to start a recovery wave. Ethereum is struggling to stay above the $1,600 support zone. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,645 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,650 and $1,665 resistance levels.

Ethereum price is slowly moving lower toward the $1,585 support against the US dollar. ETH must clear the $1,650 resistance to start a recovery wave.
Ethereum is struggling to stay above the $1,600 support zone.
The price is trading below $1,650 and the 100-hourly Simple Moving Average.
There is a major bearish trend line forming with resistance near $1,645 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it clears the $1,650 and $1,665 resistance levels. 