Ethereum Is In Steep Downtrend And Technicals Suggest Crucial Breakout

Ethereum is down over $150 from the $490 swing high against the US Dollar. ETH price could continue to move down if it breaks the key $300 support zone. In the past few sessions, there was a strong decline in Ethereum below $400 against the US Dollar. ETH price even broke the $350 support level and it dragged bitcoin lower below $10,200. The decline was such that ether price even broke the $320 support and settled well below the 100 simple moving average (4-hours). It traded close to the $300 support and a