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The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/ethereum-price-plummets-below-3320-whats-next-for-eth/" rel="noopener noreferrer nofollow">Ethereum Price Plummets Below $3,320: What’s Next for ETH?</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.Ethereum price extended losses and dropped below the $3,680 zone. ETH is down over 7% and is showing bearish signs below the $3,550 level.<ul><li>Ethereum started a fresh decline below the $3,680 zone.</li><li>The price is trading below $3,550 and the 100-hourly Simple Moving Average.</li><li>There is a key bearish trend line forming with resistance at $3,650 on the hourly chart of ETH/USD (data feed via Kraken).</li><li>The pair could continue to move down if it fails to stay above the $3,650 support zone.</li></ul><h2 id="header-0">Ethereum Price Drops Below $3,650</h2>Ethereum price struggled to start a fresh increase above the $3,680 level and extended losses like <a href="https://cryptosnewss.com/bitcoin-transactions-on-exchanges-hit-historic-low-bullish-signal-for-bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin</a>. ETH gained bearish momentum below the $3,650 level and dived below $3,600.Read Also: <a href="https://cryptosnewss.com/sec-approves-dual-bitcoin-and-ethereum-etfs-from-hashdex-and-franklin-templeton/" rel="noopener noreferrer nofollow">SEC Approves Dual Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton</a>It even dived below $3,550 and spiked below the $3,420 level. A low was formed at $3,324 and the price is now consolidating losses. There is also a key bearish trend line forming with resistance at $3,650 on the hourly chart of ETH/USD.Ethereum price is now trading below $3,550 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,510 level. It is close to the 23.6% Fib retracement level of the downward move from the $4,105 swing high to the $3,324 low.The first major resistance is near the $3,650 level. There is also a key bearish trend line forming with resistance at $3,650 on the hourly chart of ETH/USD.The main resistance is now forming near $3,715 or the 50% Fib retracement level of the downward move from the $4,105 swing high to the $3,324 low. A clear move above the $3,715 resistance might send the price toward the $3,800 resistance. An upside break above the $3,800 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,880 resistance zone or even $4,000.<h2 id="header-1">More Losses In ETH?</h2>If Ethereum fails to clear the $3,650 resistance, it could continue to move down. Initial support on the downside is near the $3,350 level. The first major support sits near the $3,320 zone.A clear move below the $3,320 support might push the price toward the $3,250 support. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050.Technical IndicatorsHourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.Hourly RSI – The RSI for ETH/USD is now below the 50 zone.Major Support Level – $3,320Major Resistance Level – $3,650The post <a href="https://cryptosnewss.com/ethereum-price-plummets-below-3320-whats-next-for-eth/" rel="noopener noreferrer nofollow">Ethereum Price Plummets Below $3,320: What’s Next for ETH? </a>appeared first on <a href="https://cryptosnewss.com" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Ethereum Price Plummets Below $3,320: What’s Next for ETH?

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