ETH Major Support

Ethereum is now down almost 37% from its February peak at 2037.00
Today price is trying to break the major trend-line support spanning back to the start of 2021. Price did dip below 1300.00 for a few hours. As long as the price closes above 1300.00 today, this trend-line support is holding. If the price closes below 1300.00 we could see further downside, in which the next support would be around 1200.00, roughly 40% from the peak.

Chart:

ETH Major Support by EmpowerTrader on TradingView.com

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