Ethereum price started a fresh decline and traded below $2,265. ETH is now 
consolidating above $2,220 and might struggle to recover. Ethereum started a 
downside correction below the $2,265 zone. The price is trading below $2,280 
and the 100-hourly Simple Moving Average. There is a bearish trend line 
forming with resistance at $2,285 on the hourly chart of ETH/USD (data feed 
via Kraken). The pair could continue to move down if it stays below the $2,300 
zone. Ethereum Price Extends Losses Ethereum price failed to remain stable 
above $2,300 and started a fresh decline, like Bitcoin. ETH price dipped below 
the $2,280 and $2,265 levels. The price even traded below $2,250. A low was 
formed at $2,233, and the price is now consolidating losses. There was a minor 
upward move above the 23.6% Fib retracement level of the downward move from 
the $2,322 swing high to the $2,233 low. Ethereum price is now trading below 
$2,280 and the 100-hourly Simple Moving Average. Besides, there is a bearish 
trend line forming with resistance at $2,285 on the hourly chart of ETH/USD. 
If the bulls remain in action above $2,220, the price could attempt another 
increase. Immediate resistance is seen near the $2,265 level. The first key 
resistance is near the $2,285 level or the 61.8% Fib retracement level of the 
downward move from the $2,322 swing high to the $2,233 low and the trend line. 
The next major resistance is near the $2,320 level. A clear move above the 
$2,320 resistance might send the price toward the $2,350 resistance. An upside 
break above the $2,350 region might call for more gains in the coming days. In 
the stated case, Ether could rise toward the $2,400 resistance zone or even 
$2,420 in the near term. Another Drop In ETH? If Ethereum fails to clear the 
$2,285 resistance, it could start a fresh decline. Initial support on the 
downside is near the $2,250 level. The first major support sits near the 
$2,220 zone. A clear move below the $2,220 support might push the price toward 
the $2,180 support. Any more losses might send the price toward the $2,120 
region. The main support could be $2,080. Technical Indicators Hourly MACD – 
The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI &#8211; The 
RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,220 Major 
Resistance Level – $2,285

Ethereum Price Flashes Weakness Signals, Pullback Fears Start Rising

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competitiveness.
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Dogecoin started a decent increase above $0.1125 against the US Dollar. DOGE 
is now consolidating and might aim for an upside break above $0.1155. DOGE 
price started a fresh increase above $0.1120 and $0.1135. The price is trading 
above the $0.1120 level and the 100-hourly simple moving average. There is a 
contracting triangle forming with support at $0.1115 on the hourly chart of 
the DOGE/USD pair (data source from Kraken). The price could aim for a fresh 
increase if it remains stable above $0.110. Dogecoin Price Climbs Above 
$0.1150 Dogecoin price started a fresh increase after it settled above $0.110, 
outperforming Bitcoin and Ethereum. DOGE climbed above the $0.1120 resistance 
to enter a positive zone. The bulls were able to push the price above $0.1150. 
A high was formed at $0.1153 and the price is now consolidating. There was a 
minor decline below the 23.6% Fib retracement level of the upward move from 
the $0.1095 swing low to the $0.1153 high. Dogecoin price is now trading above 
the $0.1120 level and the 100-hourly simple moving average. There is also a 
contracting triangle forming with support at $0.1115 on the hourly chart of 
the DOGE/USD pair. If there is another increase, immediate resistance on the 
upside is near the $0.1140 level. The first major resistance for the bulls 
could be near the $0.1150 level. The next major resistance is near the $0.1165 
level. A close above the $0.1165 resistance might send the price toward 
$0.120. Any more gains might send the price toward $0.1220. The next major 
stop for the bulls might be $0.1250. Downside Correction In DOGE? If DOGE’s 
price fails to climb above the $0.1150 level, it could start a downside 
correction. Initial support on the downside is near the $0.1115 level, the 
triangle, and the 61.8% Fib retracement level of the upward move from the 
$0.1095 swing low to the $0.1153 high. The next major support is near the 
$0.110 level. The main support sits at $0.1075. If there is a downside break 
below the $0.1075 support, the price could decline further. In the stated 
case, the price might slide toward the $0.1030 level or even $0.1020 in the 
near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now 
losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – 
The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1115 
and $0.1100 Major Resistance Levels – $0.1150 and $0.1200.

Dogecoin (DOGE) Breaks Away From Pack As Momentum Turns Aggressive

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Ethereum Price Flashes Weakness Signals, Pullback Fears Start Rising

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