Ethereum Price Plunges Under $1,800, Leaving Bulls On The Ropes

Ethereum price started a fresh decline and traded below $1,800. ETH is now consolidating below $1,800 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,840. The price is trading below $1,800 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,880 zone. Ethereum Price Dives Over 5% Ethereum price failed to remain stable above $1,880 and started a fresh decline, like Bitcoin. ETH price dipped below the $1,840 and $1,820 levels. The price even traded below $1,800. A low was formed at $1,716, and the price is now consolidating losses well below the 23.6%...