Ether price has dropped 60% due to a bearish MACD indicator. To avoid further losses, ETH needs to stay above $4,000. Analysts warn of a potential deeper decline. Bulls must keep the price above $4,000 to resume an uptrend, as it could retest lower support levels. Traders caution of a weekly breakdown and trend loss for ETH. Bears aim to push the price below $3,745.

Read more at Cointelegraph: Ether Price Dropped 60% the Last Time This Indicator Flashed Bearish