Ethereum Price On The Brink: 10% Drop Possible Toward $1,440

Ethereum price settled below the $1,565 support zone against the US dollar. ETH is accelerating lower and might drop toward the $1,440 support.Ethereum is gaining pace below the $1,550 support zone.
The price is trading just below $1,565 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance near $1,565 on the hourly chart of ETH/USD (data feed via Kraken).
The pair remains at risk of more downsides toward the $1,440 support.Ethereum Price Turn