Latest Ethereum price and analysis (ETH to USD)

Ethereum has resumed its downtrend with a woeful daily close below a key level of support.

The world’s second-largest cryptocurrency is currently trading at $3,800 following a slight bounce from the $3,680 level.

However, it is now crucially trading below the diagonal trendline that provided support dating back to July.

Ethereum is now expected to re-test this trendline at $3,910. Failure to break above $3,900 would confirm it as a new point of resistance, which would see downside price…

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