Ethereum Is In Steep Downtrend And Technicals Suggest Crucial Breakout Pattern
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…
