Ethereum falling on the heels of Bitcoin

Ethereum has dropped approximately 38% off its most recent high, while Bitcoin declined as much as 41%. If Ether’s October $2,970 low is breached, this crypto could easily reach the next more significant support zone from around $2,446 to $2,305, as seen in the enclosed monthly chart. That price zone includes the Aug. ’21 low support, 50% Fib retracement, and the 21-month exponential moving average (EMA).