- Ethereum has failed to break the key resistance at $370 and has stayed within $350
- Bulls were able to protect the $350 level by preventing a drop to $340
- Failure of these major supports could mean Ethereum would be visiting $310 soon
Ethereum has failed to break the key resistance at $370 and has further drop to $350. Losses due to the decreasing hype surrounding decentralized finance, as well as key technical indicators, are looking to bring Ethereum down to $310 in the short term.
Ethereum closed Sunday at $352 on Coinbase but that’s after failing to break past $370 three days prior. The failure to break is attributed to the news that derivatives exchange BitMEX was charged by both the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) of failure to implement required anti-money laundering (AML) and know-your-customer (KYC) features. The drop in Bitcoin