01-12-2019 22:30 via newsbtc.com

Analyst: Ethereum Poised for Further Downside as Support Begins Evaporating

Ethereum’s price action has been strikingly similar to Bitcoin’s over the past several days and weeks, with ETH’s correlation to BTC growing stronger as the volatility seen within the aggregated crypto market ramps up.
Analysts are noting that Ethereum may be positioned for further downside in the near-term, which could be driven by the lack of major support that exists directly below its current price levels.
Ethereum Breaks Below $150 as Analysts Eye Further Losses 
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