Ethereum Price Analysis: ETH/USD Down and Out Below Key Support

Key Highlights

ETH price declined sharply and broke the $220 and $214 support levels against the US Dollar. There was a break below a short-term bullish trend line with support at $222 on the hourly chart of ETH/USD (data feed via Kraken). The pair even broke the $200 support and traded as low as $193.

Ethereum price declined and broke important supports against the US Dollar and bitcoin. ETH/USD could correct higher, but upsides could be capped near $208-209.

Ethereum Price Analysis...

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