Ethereum Price (ETH) Remains In Strong Downtrend Versus Bitcoin (BTC)

Ethereum price failed to stay above the 0.0314 support area against bitcoin and declined sharply. ETH to BTC is under a lot of pressure and it remains sell on rallies near 0.0315.

Key Talking Points

Ethereum price failed to stay above a crucial support near the 0.0314 level against bitcoin.There is a major bearish trend line in place with resistance at 0.0315BTC on the 4-hours chart of the ETH/BTC pair (data feed from Poloniex).The pair could correct higher, but it is likely to face...

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