Ethereum Just Saw Technical Breakdown And It Could Retest $200

Ethereum Just Saw Technical Breakdown And It Could Retest $200

Ethereum 12

Ethereum is following a bearish pattern and it recently failed to surpass $240 against the US Dollar. ETH price is likely to continue lower and it may soon retest the $200 support zone.

  • Ethereum failed to clear the main $240 resistance zone and started a fresh decline.
  • The price is now trading well below the $230 level and the 100 hourly simple moving average.
  • There is a key bearish trend line…

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