Ethereum Price Cools Off, But Structure Stays Firmly Supported

Ethereum price extended gains above $2,150 before it faced sellers. ETH is now correcting gains and might find bids near the $2,080 zone. Ethereum started a decent upward move above the $2,120 zone. The price is trading above $2,100 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $2,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,080 resistance. Ethereum Price Aims Higher Ethereum price remained stable above $2,050 and started a decent upward move, like Bitcoin. ETH price climbed above the $2,080 and $2,120 resistance levels. The bulls pumped the price above $2,150. A high was formed at $2,174 before the price started a downside correction. There was a move below the 38.2% Fib retracement level of the upward move from the $2,021 swing low to the $2,174 high. Besides, there was a break below a rising channel with support at $2,140 on the hourly chart of ETH/USD. E