Ethereum Nosedives 10%, But This Support Could Trigger Fresh Increase
Ethereum started a sharp decline after it failed to stay above the $450 support against the US Dollar. ETH price is likely to bounce back as long as it is above the $406 support zone.
- Ethereum is down over 10% and it broke the $460 and $450 support levels.
- The price even traded close to the $420 support and settled below the 100 hourly simple moving average.
- There is a key bearish trend line…
