Ethereum nosedived and broke the $400 support zone against the US Dollar. ETH price could correct higher, but the previous support near $400 is likely to act as a major hurdle.
- Ethereum is down over 10% and it broke the $420 and $400 support levels.
- The price even traded below the $385 support and settled below the 100 hourly simple moving average.
- There is a crucial bearish trend line forming…