ETH Rejects 200-day SMA

Ethereum hit an all time high November 10th and u-turned after hitting $5000. Since then, Ethereum has been falling aggressively until it dropped below $3000 on January 10th. This price plunge not only broke important support but also broke the pattern of making steady lower lows. Ethereum has a universal trend line of lower highs below that can act as good support near $2600 – $2400.