Ethereum is falling even faster than Bitcoin, going down by 4.5% over the last 24 hours. Currently, it is the biggest loser compared to other top 3 coins.
The chief altcoin broke the support at $220 and now moving to retest the vital $200 mark. Analyzing the hourly chart, nothing can stop Ethereum from a further decline. The lines of the RSI indicator are going down, suggesting that sellers have not run out of steam yet. Once $200 is reached, traders might think about a possible reversal, but not a fast bounceback.
The chief altcoin broke the support at $220 and now moving to retest the vital $200 mark. Analyzing the hourly chart, nothing can stop Ethereum from a further decline. The lines of the RSI indicator are going down, suggesting that sellers have not run out of steam yet. Once $200 is reached, traders might think about a possible reversal, but not a fast bounceback.
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