Update: Ethereum (ETHUSD) price resumes its decline

Ethereum (ETHUSD) price is rebounding lower after testing the $3425.50 level, and we notice that the Stochastic indicator is crossing negatively to enhance the chances of continuing the decline for the rest of the day, noting that our expected targets start at $3222.00 and extend to $3017.30 after breaking the previous level, while achieving them requires stability below the $3425.50 levels and most importantly below $3510.00.

$ETH