The Ethereum Project token moved North to $151 on Sunday, December 8 and successfully returned to the $150-$152 support zone.
The coin started the new trading period on Monday with a correction to $147. It formed the exact same candle, but in the opposite direction, erasing all gains from the previous day.
The ETH/USD pair continued dropped further to $145 on Tuesday, December 10 after trading as low as $143 during intraday.
On Wednesday, the ether formed its third straight losing session and fell to $143. The current monthly low of $143 was surpassed in the early hours of December 12 as the coin was heading towards $130.
The coin started the new trading period on Monday with a correction to $147. It formed the exact same candle, but in the opposite direction, erasing all gains from the previous day.
The ETH/USD pair continued dropped further to $145 on Tuesday, December 10 after trading as low as $143 during intraday.
On Wednesday, the ether formed its third straight losing session and fell to $143. The current monthly low of $143 was surpassed in the early hours of December 12 as the coin was heading towards $130.
- The uptrend was broken after failed consolidation in the $150-$152 zone. Bears are already looking at $130 as their next target.
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