Ethereum (ETH) Price Dives 20%: Recovery Could Be Difficult

ETH price topped near the $364 level and declined sharply below $350 against the US Dollar.
The price is down more than 20% from highs and it is now trading below $310.
This week’s followed key bullish trend line was breached with support near $318 on the hourly chart of ETH/USD (data feed via Kraken).
There were sharp losses noted in bitcoin, ripple, bitcoin cash and a few other major altcoins.Ethereum price is back in a short term bearish zone versus the US Dollar and bitcoin. ETH price