Ethereum Price Analysis: ETH Price Drops Below The 50% Retracement Level, Is $2900 Next?

During the recent blood bath, ETH price lost some significant support levels, like 200-EMA, $3600 psychological level, price pattern support. Today ETH price showed a sharp dip which breached the 0.5 Fibonacci retracement level, indicating the extending correction phase. Key technical points: The daily RSI line slipped into the oversold region The ETH price chart The post Ethereum Price Analysis: ETH Price Drops Below The 50% Retracement Level, Is $2900 Next? appeared first on CoinGape.