Ethereum Technical Analysis: ETH/USD drops to $216 hitting a monthly low indicating imminent trend reversal
ETH/USD was holding on after defending $225 and maintaining the daily uptrend. On June 27, bears cracked $225 and $220 confirming a daily downtrend. Ethereum is currently trading at $226 after failing to defend the last daily low of $225. Unfortunately, bulls have lost the daily uptrend even though Ethereum has recovered from the $216.37 dip.