Ethereum price analysis: Me too, says Ethereum as it breaks lower; devcon4 announced

In a trend of MeToo, ETH not behind, breaks down.
ETH community manager announces devcon 4.

Manoj B Rawal Independent Analyst

Ethereum, second largest cryptocurreny that aims to be the largest, can't remain behind when it comes to falling down and breaking lower on the short term charts, just as almost every other major cryptocurrency fell, ETH did too.

ETH/USD now down more than 4 percent on day at $691 after bouncing back sharply from day's low of $666.43. On the 180-minute chart, ETH has broken down of a rising trendline support and now faces downhill journey ahead of it.

Ethereum community manager Hudson Jameson posted on Ethereum blog an announcement about devcon4, which is an annual devlopers conference held each year. This year the event would be from October 30 - November 2, to be held in Prague, Czech Republic.

ETH/USD 180-minute chart:

Author

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

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