This Simple Technical Pattern Could Resend Ethereum Above $350

[Dociko]

Yesterday, Ethereum broke the $340 and $350 resistance levels. However, ETH price struggled to gain momentum above $355 and stayed well below the 100 hourly simple moving average, invalidating a possible bullish breakout.

Ether price started a fresh decline below the $340 support level. It broke the 50% Fib retracement level of the upward move from the $323 low to $355 high. There was also a spike below the $335 support level.
Details: https://www.newsbtc.com/2020/09/09/ethereum-above-350-rally/