Ethereum Is In Steep Downtrend And Technicals Suggest Crucial Breakout Pattern

Ethereum Is In Steep Downtrend And Technicals Suggest Crucial Breakout Pattern

Ethereum 4

Ethereum is down over $150 from the $490 swing high against the US Dollar. ETH price could continue to move down if it breaks the key $300 support zone.

  • ETH price is back in a bearish zone below the $400 and $350 support levels against the US Dollar.
  • It traded to a new multi-week low at $309 and settled below the 100 simple moving average (4-hours).
  • There is a crucial bearish trend line forming…

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