The price of Ether is currently showing bearish signals and is facing a major bearish trend line with resistance near $1,760 on the daily chart. While it may correct a few points, it is likely to trend lower towards $1,550. The recent decline in Bitcoin and other altcoins has also pushed ETH lower, with the bears able to push the price below the 50% Fib retracement level. If the bears remain in action, the price could continue to move down towards the $1,550 support.
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