Ethereum Price Analysis: ETH Faces Deeper Troubles, Risks Falling to $2.4K

Description

Ethereum’s price has been dropping rapidly over the past few weeks, and while it has seemingly slowed down, more downside movement is still possible. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, it is evident that ETH has been experiencing a massive crash since breaking below the 200-day moving average, which is currently located around the $3,000 mark. While the price has even tested the $2,100 support zone during the crash, it has recovered and is cur...