- Ethereum's childcare losses of around 14% are late on Thursday.
- The bears of the ETH / USD raised the downward pressure by one notch, following the fundamental violation of the trend line.
The price of Ethereum is seen down huge double-digit losses, in the last part of Thursday's trading. The ETH / USD was in the red by a large 14%, after the great sales pressure hit the entire cryptocurrency market.
ETH / USD was initially supported by a long-standing growing trend line, which was at stake from December 15th until January 8th. Given the violation, the eyes are still stuck on a further downward pressure. This anticipates the updating of Ethereum Constantinople on January 16th.
The next main support area is visible around the $ 117 mark, which is the low region of December 27-28. If the price were to rebound, a potential repetition of the violating trend line is likely to occur.
Daily ETH / USD chart