Ethereum price analysis: ETH losses $100 value in bearish streak

TL;DR Breakdown Ethereum price analysis reveals over $100 lost in value during a bearish streak.Current support is found at the $3,216 mark.Current resistance is found at the $3,250 mark. Ethereum price analysis reveals that following the king Bitcoin into a bearish streak, the queen of cryptocurrency lost over $100 in value right after midnight in universal standard time. With the bearish streak, the Ethereum price recovered quickly to mark positive gains of 0.02 percent at the time of writing. However, Ethereum price is down by 2.17 percent in the past seven days. The queen of cryptocurrency has suffered a comparatively lighter blow than the king of cryptocurrency that lost over $1,800 in value. ETH/USD 1-day candlestick chart shows normal movements Although the king Bitcoin is showing bearish crossover bleeding red, the Ethereum price analysis one-day candlestick chart shows normal trading and price action at the time of writing. The upper Bollinger band is found at the $3,390 mark posing as the strongest resistance on the one-day chart. The nine-day moving average is posing as the second resistance point with a value of $3,222. ETH/USD price 1-day candlestick chart. Source: Trading View At the time of writing, Ethereum’s price is fluctuating between $3,210 and $3,215 marks. The Bollinger bands’ average is posing as a strong support point at the $3,203 mark. Whereas the lower Bollinger band is providing the su...