Ethereum Price Plunges, Why ETH Could Soon Dive Below $1,000

Ethereum Price Plunges, Why ETH Could Soon Dive Below $1,000


Ethereum traded below the $1,150 support against the US Dollar. ETH is gaining bearish momentum and might dive below the $1,000 support zone.

Ethereum remained in a bearish zone below the $1,150 and $1,120 support levels. The price is now trading below $1,150 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses below $1,050 and $1,000 in the near term. Ethereum Price Turns Red

Ethereum price started another decline from the $1,250 resistance, similar to bitcoin. ETH followed a bearish path and settled below the $1,200 pivot level.

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The bears gained pace for a

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