Ethereum saw a major rejection near the $1,420 zone against the US Dollar. ETH is down over 6% and remains at a risk of a drop below the $1,220 support.
Ethereum Price Dives 6%
Ethereum attempted to gain bullish momentum above the $1,400 level. However, ETH struggled to clear the $1,420 level and reacted sharply to the downside.
There was a major decline below the $1,350 and $1,320 levels. Besides, there was a break below a key bullish trend line with support near $1,325 on the hourly chart of ETH/USD. The pair even broke the $1,300 level ..
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