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TA: Why Ethereum Below $1650 Could Accelerate Decline To $1500

TA: Why Ethereum Below $1,650 Could Accelerate Decline To $1,500

Ethereum started a sharp decline below $1,850 against the US Dollar. ETH price spiked towards $1,500 and it is currently struggling to stay above $1,650. Ethereum declined heavily after it broke the $1,850 and $1,750 support levels. The price is now trading well below $1,800 and the 100 hourly simple moving average.