After two weeks of flat range, a new strong bearish trend was formed for Ethereum.
Bitcoin’s current downward spiral returned us back to the two-month lows.
Over the past weekend, Bitcoin made an attempt to initiate new upside move, but breakout failed.
Last week didn’t bring any big positive news, and Bitcoin dropped to $8,000.
Cryptocurrency drops further, making fresh lows, with no signs of the positive upside move.
After dropping below $650, the second largest cryptocurrency, Ethereum, is trying to hold its ground.
Cryptomarkets continue to look for a new support level and try to form a new bullish trend.
In the last week’s review, we talked about the end of the so-called Crypto Winter, but like in real life, there are still some small frosts.
The unsuccessful attempt leaves a small hope for a second growth and a break through the psychologically important level.
After touching a one-month high, Ethereum rolled back halfway.