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ETH/USD extend aggressively to the downside, following vital trend line break

  • Ethereum nursing whopping losses of some 14% late on Thursday.
  • ETH/USD bears turned up draw back stress by a notch, following key trend line breach.

Ethereum value is seen down large chunky double-digits losses, in the latter a part of buying and selling on Thursday. ETH/USD was in the crimson by an enormous 14%, after massive promoting stress hit the whole cryptocurrency market.

ETH/USD was initially supported by a long-running ascending trend line, which had been in play from 15th December up till eighth January. Given the breach, eyes are nonetheless locked in on additional draw back stress. This coming forward of the Ethereum Constantinople improve on 16th January.

The following main space of assist is eyed round the $117 mark, which is 27-28th December low area. Ought to the value catch a bounce right here, then a possible retest of the breached trend line, will seemingly be seen.

ETH/USD every day chart

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