Ethereum Nosedives 5%, But Here’s Why $400 Could Save The Day

Ethereum Nosedives 5%, But Here’s Why $400 Could Save The Day

Ethereum 4

Ethereum failed to clear the $445 resistance and declined below $420 against the US Dollar. ETH price is now approaching a major support zone near the $400 handle.

  • Ethereum is down over 5% and it broke the $425 and $420 support levels.
  • The price even settled below the $420 level and the 100 hourly simple moving average.
  • There is a new bearish trend line forming with resistance near $420 on the…

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