Ethereum on the Ropes with a New 2022 Low and sub-$1,700 in Play

Ethereum on the Ropes with a New 2022 Low and sub-$1,700 in Play

It was a bearish Thursday, with Ethereum (ETH) sliding by 7.73% to end the day at $1,791.

A broad-based crypto sell-off saw ETH slide through Major Support Levels to test support at $1,750.

Technical indicators are bearish, with ETH sitting well below the 50-day.