Ethereum Technical Analysis – Is a Floor in Sight for ETH/USD? 06/02/2018

Key HighlightsEthereum fell through today’s $590.1 support level against the U.S Dollar this morning, following Monday’s 18.68% fall to a closing $697.95.
A major bearish trend continues with the next major support level for ETH/USD sitting at $511.33.
At the time of writing, ETH/USD is sitting close to its intraday low $555.56 at $568.82, with further declines through the day likely.Ethereum Price Support
Following a closing $697.95 on Monday, 5th February, it’s been downhill