TA: Ethereum Breaks Down, Why ETH Could Revisit $1,500
Ethereum failed to stay above $1,650 and extended losses against the US Dollar. ETH might continue to move down towards the $1,500 support zone. Ethereum started a downside correction after it settled below the $1,700 level. The price is now trading below $1,650 and the 100 hourly simple moving average. There was a break below a declining channel with support near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down towards the $1,550 support or even $1,500. Ethereum Price Extends Decline Ethereum failed to stay above the $1,700 level and....
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