The post Will Ethereum (ETH) Price Drop Below $3K This Week? appeared first on Coinpedia Fintech News
The cryptocurrency market has displayed a negative price action for 3 out of 4 trading days this month, indicating a strong bearish reversal in the crypto space. Moreover, the top tokens have failed to hold their values above their important support levels, indicating a negative outlook this week.
Further, the Ethereum token, the second largest cryptocurrency by market cap, has recorded a similar trend by breaking down its important support level. With the ongoing market turmoil, is the ETH price on the path of retesting its crucial support level of $3,000 this July?
ETH Price Fails To Retest Its Important Resistance Trendline:
The altcoin leader, Ethereum Price, has displayed a bearish price action for the third consecutive day. This has resulted in its price plunging below its important level of $3,200 during the early Asian trading hours today. Further, the Ethereum pri
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