Ethereum technical analysis: ETH/USD breaking down critical support around $300 mark, inviting additional wave of sellers
|- Ethereum on Wednesday is trading in the red by some 2.70% in the second half of the day.
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A fresh wave of selling pressure has come into play, as near-term demand is being broken down around $300 area.
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A failure in the noted support holding could open the door to a large wave of selling pressure.
Relative change: -2.50%
High: 314.89
Low: 298.67
ETH/USD daily chart
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The price is heading for a retest of a breached bullish flag structure, next major support eyed around $250 area.
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