Ethereum extended decline below the $2,700 support against the US Dollar. ETH price is struggling and might even decline below the $2,500 support.
- Ethereum started a major decline below the $2,800 support level.
- The price is now trading below $2,700 and the 100 hourly simple moving average.
- There is a key bearish trend line forming with resistance near $2,700 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could recover, but the bears might remain active near $2,650 and $2,700.
Ethereum Price Turns Red