Ken Chigbo
Independent Analyst
- Ethereum price on Wednesday is trading in negative territory by 7%.
- ETH/USD is vulnerable to further downside risks following pychological $200 breach.
- The next major zone of support is eyed down at the $150 price territory.
Spot rate: 183.16
Relative change: -6.90%
High: 197.21
Low: 180.00
ETH/USD daily chart
- Should the bears force a breakout to the downside of $180, the flood gates to sellers could be opened.
ETH/USD 60-minute chart
- The price lost much ground following near-term ascending trend line breach.
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