- Ethereum dropped below $1,500 on Friday, as cryptocurrency markets fell following earlier gains in the week.
- Since failing to move beyond the resistance of 66.00, the index has fallen significantly lower, and as of writing, is trading at 56.82.
- Since breaking out of a key price level of $1,590 earlier on in the week, momentum has somewhat shifted in ETH, as bears slowly begin to reenter the market.
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,500 — Market Momentum Remains Bullish
