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  • Ethereum price on Wednesday is trading in negative territory by 7%.
  • ETH/USD is vulnerable to further downside risks following pychological $200 breach.  
  • The next major zone of support is eyed down at the $150 price territory.


Spot rate:                   183.16

Relative change:       -6.90%

High:                          197.21

Low:                           180.00


ETH/USD daily chart

  • Should the bears force a breakout to the downside of $180, the flood gates to sellers could be opened.

ETH/USD 60-minute chart

  • The price lost much ground following near-term ascending trend line breach.