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Ethereum Forecast: ETH/USD Breaks Key Support
Ether declined sharply against the US dollar and bitcoin. ETH/USD surpassed the $285.00 support and now at risk of more declines.

Key Highlights
Ether failed to stay above the $286.00 support against the US dollar and declined towards $275.00.
There is a crucial bearish trendline forming with resistance at $300.00 on the 2-hour chart of ETH/USD.
ETH/BTC remains in the bearish zone below 0.050BTC and is poised for more declines.

Ether Price Upsides Remain Capped

It seems to be a bearish start to the week for Ether as its price declined sharply against the US dollar. ETH/USD broke a major bullish trend support at $286.00, which is a strong bearish signal in the short term.