Ethereum (ETH) Crushes Hopes Of A Bullish Continuation As Price Nosedives

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Ethereum (ETH) bulls were very optimistic about a rally towards $300 especially after the recent price pumps that saw the cryptocurrency fly in a matter of days. However, all those dreams seem to have now been completely shattered by a flash crash that saw the price fall below $200 before recovering. The weekly chart for ETH/USD now shows the price retracing below the 50 week moving average. If the price closes below this level, we will have bearish confirmation and ETH/USD can be expected to decline towards a new yearly low in the months ahead. We have mentioned a price…
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Ethereum (ETH) Crushes Hopes Of A Bullish Continuation As Price Nosedives

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