Posted 4/2/2024, 4:14:00 AM
Ethereum Price Faces Resistance at $3,500 After Dropping from $3,650
- Ethereum price faced rejection at $3,650 and dropped to $3,320 support level before attempting recovery
- ETH trading below $3,500 and 100-hour SMA, facing resistance near $3,420 trend line
- Break above $3,450 could spark bullish momentum towards $3,650; failure may revisit $3,320 support
- Next key supports at $3,250, $3,220 and $3,120 if selloff extends
- Hourly MACD losing momentum, RSI below 50 reflects bearish bias in the short-term
