Flavio Tosti
Independent Analyst
- ETH/USD has been in a downtrend since the crypto-bubble burst in early 2018.
- ETH/USD bear trend remains intact as sellers are eyeing a break below $100.
ETH/USD weekly chart
Ethereum has been declining steadily after the crypto-bubble burst in early 2018. ETH/USD is trading below all its main weekly SMAs as bulls are holding on with the skin of their teeth. A break below the 100 level could have very bearish implications with a drop to the levels prior to 2017. That is to say ETH/USD is most likely to depreciate to around 10 or $5 in the future.
Additional key levels
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