Breaking: Ethereum price slides below $400 again signaling a trend reversal
- 21st August 2020
- Posted by: Hakeem
- Category: CryptoCurrency
- 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.
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
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.