Ether (ETH) has broken through the downtrend channel. Usually, it would be followed by retests when the upward momentum cooled down. Currently, ETH has support at $1,400 and if the price falls to that level, it will encounter expected buying powers and bulls will gather again.
On the other side, if the price drops from the support, it will indicate that the market is heading to a negative path, ETH then could break down from $1,250 to $1,000 which is a very pessimistic outcome.
On the other side, if the price drops from the support, it will indicate that the market is heading to a negative path, ETH then could break down from $1,250 to $1,000 which is a very pessimistic outcome.