Why $ETH is falling?

It has broken the UP-TRENDLINE mentioned in yesterday's analysis. The trendline was carrying the current uptrend of Ethereum.

Heavy sellouts happen after break down of important trend lines. This selling is happening in #Ethererum & pushing the price down ⤵️.

The Point to Ponder is

"Will this Bearish Trend in #ETH convert whole Crypto Market Trend into Downtrend?"

With $BTC already on downtrend after ETFs Approval, a downtrend in Ether will insert bearish sentiment into other altcoins. So #cryptocurrecny trend may change into bearish.