ETH/USD is down 4.7% on a daily basis amid massive sell-off. Sustainable movement below $400 will take the coin to the lowest level of 2018. At the time of writing, ETH/USD is trading at $401, dangerously close to critical $400 handle. The coin is down 4.7% since this time on Thursday and 2.7% since the beginning of Friday. The second largest coin with a market value registered at $40.7B has an average daily trading volume settled at $1.5B. The coin has been sliding for seven days in a row with the bearish pressure getting stronger on the move below $460 (78.6% Fibo retracement level). The coin has settled at a psychological $400; once it is cleared, the downside may be extended towards $353 (2018 low) with no strong supports on the way that might have stopped the decline. On the upside, the price needs to get above $420 to mitigate short-term bearish pressure; however, a confluence of technical levels clustered on approach to this point might discourage ETH bulls. ETH/USD, the daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold Technical Analysis: Bears dominate the proceedings FX Street 5 years ETH/USD is down 4.7% on a daily basis amid massive sell-off. Sustainable movement below $400 will take the coin to the lowest level of 2018. At the time of writing, ETH/USD is trading at $401, dangerously close to critical $400 handle. The coin is down 4.7% since this time on Thursday and 2.7% since the beginning of Friday. The second largest coin with a market value registered at $40.7B has an average daily trading volume settled at $1.5B. The coin has been sliding for seven days in a row with the bearish pressure getting stronger on the move below $460… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
