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

  • 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.
Breaking: Ethereum price slides below $400 again signaling a trend reversal
Lorenzo StroeLorenzo StroeIndependent Analyst

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.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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