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26 September 2023

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Ethereum

Breaking: Ethereum price slides below $400 again signaling a trend reversal

by PumpMoonshot0416

  • ETH/USD just slipped below $400 briefly.
  • Ethereum price has been weaker in the past few days losing $400 twice, however, bulls have been able to recover.

Ethereum just dropped below $400 again but only for a few seconds. It is now trading at $402 again but it’s unclear if this bounce is just a pause before the real breakout below $400.

ETH/USD daily chart

ETHUSD

Even though $400 is a significant support level, bulls still have the  $362.88 level as the last low of the daily uptrend. Anything above this level should be considered a higher low and a continuation of the daily uptrend.

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