Ethereum extended decline below the $3,000 support against the US Dollar. ETH price tested the $2,850 support, below which it could nosedive.
- Ethereum started a sharp decline below the $3,000 support level.
- The price is now trading below $2,950 and the 100 hourly simple moving average.
- There was a break below a key bullish trend line with support near $3,065 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could extend losses if it fails to stay above the USD 2,850…
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