Ethereum is down more than 10% and it broke the key $200 support against the US Dollar. Bitcoin’s decline is increasing pressure on ETH and it could decline further to $175.
ETH price is gaining bearish momentum and it broke the key $200 support zone against the US Dollar.
It is now trading below $192 and the 100 simple moving average (4-hours).
There was a break below a key bullish trend line…