Ethereum Price Analysis: Is ETH in Danger of Falling Below $2,500 Soon?

Description

Ethereum’s price has been on a significant decline lately and has yet to reverse. If things remain the same, much lower prices could be expected. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been making lower highs and lows since getting rejected by the $4,000 resistance level twice in December. Currently, ETH is trading below the 200-day moving average, located around the $3,000 mark, and is trying to break back above $2,700. If the marke...