Ethereum tumbles below the ascending channel as losses to $1,400 linger. The downtrend is validated from a short-term technical perspective based on the MACD. Support above the 200 SMA and a move past the 50 SMA would lead to gains targeting $2,000. The cryptocurrency market is swimming in in red waters following the bearish wave The post Ethereum Price Forecast: ETH breakdown intensifies as cryptocurrencies bleed appeared first on Coingape.