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Ethereum continued its downtrend this week and broke below the key support at $2,400, closing with a 6% loss. This puts bears back in charge of the price action. If buyers don’t show up soon, ETH may go to $2,000 next.
With low volume and bears in control, the options for this cryptocurrency appear limited at this time and momentum continues to favor the sell side. Looking ahead, ADA is about to test the support at 31 cents. If that holds, buyers have a good chance to reverse this downtrend. The alternative is a quick drop under 30 cents.Binance Coin had a good year until June when it reached its current all-time high. Since then, the price has entered a prolonged correction. Nevertheless, buyers have managed to keep it above $500 for most of this time.
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