Ethereum Price Struggles Below $3,400 Amid Bearish Trends and Strong Resistance

Ethereum’s price is encountering resistance at the $3,420 level. The cryptocurrency is currently trading below the 100-hourly Simple Moving Average and $3,400 mark. A bearish trend line is apparent with significant resistance near $3,400 on the hourly ETH/USD chart. Ethereum price struggles at key resistance, threatening potential decline below $3,320. Ethereum Price Faces Significant Resistance

Source: CoinOtag