ETH Needs to Hold $3000

Having broken below $3000 support on Monday, Ethereum is struggliong to hold above this key level.As shown in the daily chart above, Ethereum is making lower highs which suggests that it might slide down to the support of $2600, fib 1.618. This support zone is very crucial for ETH to hold as there are chances that institutions might reenter the trade at this level. The resistance level is at $3500 and the major support zone lies at $1752.