Ethereum Price Holding Key Support: ETH, BTC Down 10% From Highs

ETH price failed to hold gains above the $310 level and recently declined heavily against the US Dollar.
The price declined below the main $300 and $295 support levels to enter a bearish zone.
There was a downside break below a contracting triangle with support at $308 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now trading above the next major support near the $280 level.Ethereum price declined sharply below the $300 support versus the US Dollar, along with bitcoin. ETH