Ethereum slid by 9.28% on Wednesday. Reversing a 3.79% gain from Tuesday, Ethereum ended the day at $1,240.96.
A mixed start to the day saw Ethereum rise to an early morning intraday high $1,375.91 before hitting reverse.
Falling short of the first major resistance level at $1,416, Ethereum slid to an early afternoon intraday low $1,206.05.
The sell-off saw Ethereum fall through the first major support level at $1,283 before finding support.
Steering clear of sub-$1,200 support levels,…