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The crypto market has turned red in spite of opening the session on Thursday in a bullish trend. Bitcoin, for example, broke past the stubborn resistance at $4,000 and formed a high at $4,057.99. Attempts to push for higher correction have been thwarted by increasing selling pressure. In fact, at press time, Bitcoin is back below $4,000 and trending lower 1.34% on the day.

Ethereum, on the other hand, reacted incredibly well during the Asian trading hours on Thursday stepping above $140 in tandem with Bitcoin’s bullish movement. However, the bullish moment fizzled out at $140.72 opening the way for the bears to enter and reverse the trend. ETH/USD is currently down 2.72% and changing hands at $136. Unless a reversal occurs, the key support to look out for is $132.