Ethereum Price Technical Analysis – ETH/USD Crushed Below $650

Key Highlights

  • ETH worth is beneath immense bearish stress as a result of it declined beneath the $650 help in opposition to the US Dollar.
  • There are two important bearish improvement traces forming with resistance at $670 and $760 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair is presently shifting down and it’s extra prone to break the $600 and $580 help ranges inside the near time interval.

Ethereum worth getting crushed in opposition to the US Dollar and Bitcoin. ETH/USD is now beneath $650 and it eyes extra declines beneath the $600 diploma.

Ethereum Price Monstrous Decline

There have been regular declines in ETH worth from the $900 swing extreme in opposition to the US Dollar. The value traded beneath the $800 and $700 help ranges to set the tempo for further declines. It simply recently broke the $650 help and traded as little as $619. It started a minor draw again correction and moved above the 23.6% Fib retracement diploma of the ultimate decline…

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