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Ethereum Bearish Signals Ringing Loud As Death Spiral To $150 USD Threatens

From coingape.com

Ethereum (ETH) has been on a tough run in the past three days as the price witnessed its third consecutive day in the red. The sharp fall in ETH/USD price has seen the second largest cryptocurrency break below key support levels at $170, $165 and $160 in a week signaling a possible dip further as the bullish hands weaken. As at time of writing, ETH trades at $158.32 USD, representing a 3.14% drop in the past 24 hours (12.30% in a week). A break below the ascending channel on the daily candle charts will signal doom for ETH/USD, with a likelihood to plummet further towards major psychological support at $150 USD. With ... (full story)

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  • Category: Technical Analysis