Ethereum Plunges Below $2,200 as MACD Points to Further Downside
Ethereum's price dropped below $2,200 after failing to hold support at $2,250, with technical indicators pointing to further downside risk.
The token broke below a bullish trend line at $2,210 and traded as low as $2,176 before stabilizing.
Ethereum now sits below the 100-hourly simple moving average, but there are still resistance levels above it that bulls need to clear in order to target higher prices.