ETH Loses Key Support, This is The Next Level to Watch If Downtrend Continues

Not only the ETH price dropped below $4,000, but it also closed below this key level on the daily timeframe. If no surprises will take place, today will be the first time since October 19 that ETH is seeing a full candle body below the significant $4K mark. This put an end to the bullish trend, at least in the short term.

Key Support levels: $3750, $3,000

Key Resistance levels: $4,000, $4,500

Last week, the weekly MACD went through a bearish crossover which was an early sign…

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