Bullish Argument for Ethereum Rapidly Losing Steam as $570 Is Lost

Ethereum is primed to move lower in the days ahead as the cryptocurrency slides below $570 for the first time in many days.

ETH is expected to see weakness in the near term as it slides below key technical levels with Bitcoin.

One crypto-asset analyst recently shared the chart below, noting that Ethereum is moving below range lows in the $570 region.

He thinks that as long as ETH holds below $570, the  bear case in the near term will remain intact.