Ethereum price data analysis; ETH continues to dwindle in the wind

Ethereum price data analysis reveals that the currency continues to struggle against the US dollar as the price failed to maintain support over the three hundred dollars $300 mark. Now the Ethereum price has reached much closer to $260. The ETH/USD pair broke down from an ascending channel. It also broke down from a longer-term ascending wedge. There is support near two hundred and sixty dollars ($260) to two hundred and thirty dollars ($230). Short-term moving averages are bearish. Long-term moving averages are bullish. Ethereum price chart by Trading View The price reached lows of two hundred and sixty ($260)