Ethereum (ETH) Slips Again, Are the Bears Back in Full Control?

Ethereum (ETH) Slips Again, Are the Bears Back in Full Control?
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Ethereum is trading around the $3.6K level.
The market witnessed $231.63 million in ETH liquidations.

The 3.29% slip in the crypto space has pulled the market cap down to $3.76 trillion. The neutral sentiment lingers in the market, with the Fear and Greed Index value holding at 57. All the major assets are charted in red, falling to their recent lows. Meanwhile, the largest altcoin, Ethereum (ETH), has dropped by over 4.18%. 
The altcoin opened the day trading at its high range of $3,836. After the bears came into command, the ETH price has plunged toward the $3,590 mark. As per CMC data, as of now, Ethereum trades within the $3,671 range. 
ETH’s market cap has reached $443.11 billion, and its daily trading volume has increased by over 15.91%, touching the $40.28 billion level. Notably, the market has witnessed a 24-hour liquidation of $231.63 million in ETH, as per Coinglass data.
Can the Bulls Break Ethereum’s Downtrend?
The Moving Average Convergence Divergence

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