Ethereum price prediction: ETH/USD bulls staring into hibernation – Confluence Detector

Ethereum price prediction: ETH/USD staring into hibernation – Confluence Detector

ETH/USD extended the losses towards $260 but formed a monthly low at $262. Bulls must ensure to keep the price above $260, otherwise, Ethereum risks breaking down to $243 support. Ethereum is facing tough resistance to the upside after the massive drop on Wednesday and during the Asian trading hours on Thursday.