nice upside move in ETH price above the $300 level against the US Dollar. The price traded as high as $311.45 before facing sellers and starting a downside move. The price came under pressure during the past sessions and moved below the 50% Fib retracement level of the last wave from the $285.20 low to $311.45 high. It opened the doors for more losses and the price is now trading below the $296 level. It broke a horizontal support at $295-296 to clear the path for more declines.

Moreover, yesterday’s highlighted connecting bullish trend line with support at $296 on the hourly chart of ETH/USD was cleared. During the downside move, sellers managed to push the

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ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824