Ethereum Fluctuates Below Heavy Resistance Zone
Ethereum has continued its gradual slide as the price drops from the previous high of $158. Sellers have formed a formidable resistance at the $150 and $160 which was once under buyers’ control. The selling is expected to continue to a low of $136. However, if the bears break the low at $136, Ethereum will continue its downtrend. Alternatively, if ETH falls and finds support at $140, buyers will come in and take control of price. There are indications that if the downtrend resumes, ETH will nosedive to the low of $120.