Ethereum Could Narrowly Avoid a Major Downtrend if it Regains $240

Ethereum Could Narrowly Avoid a Major Downtrend if it Regains $240

Ethereum 10

Ethereum failed to surpass the $250 resistance and declined sharply against the US Dollar. ETH price could continue to move down as long as it is below $240 and the 100 hourly simple moving average.

  • Ethereum started a major decline after it failed to clear the main $1250 resistance zone.
  • The price declined sharply below the key $240 support and the 100 hourly simple moving average.
  • There was a…

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