Ethereum seems in trouble as its price broke down from an important supporting trend line.
Ethereum price today is $4,024.90 USD with a 24-hour trading volume of $29,806,213,982 USD. Ethereum is down 2.88% in the last 24 hours, with a market cap of $477,693,193,487 USD. It has a circulating supply of 118,684,357 ETH coins.
Ethereum was decline smoothly on a lower low trend line and yesterday it broke below that, touching the $4000 mark briefly. If Ethereum fails to regain the trend above the trend line it might turn extremely bearish as it was bleeding in May. Fib 0.5 at $4300 is now a local resistance level of Ethereum and $4000 acts as the major support zone that Bulls want to bid on.