Ethereum Price Analysis: ETH Finds Strong Support At $240, Will It Be Enough To Hold Up?

Ethereum may have seen a steep price fall over the past seven days, following Bitcoin, totaling -10% to bring the current price for the coin down to around $241, but the cryptocurrency is still up by an impressive 38% over the past 30 days. , we can see that Ethereum has continued to fall into the previously highlighted support at the $240 level.

Against Bitcoin, Ethereum has managed to hold above the 0.03 BTC support level during the recent price decline. From below; The nearest level of strong support lies at 0.030 BTC.