The ether is on its way to $700

The cryptocurrencies restored their fall with full force after the bitcoin fell back below the psychological limit of $10,000.
As Jeffrey Gundlach says, if you want to look for the direction of the US indices, turn to the bitcoin. And what happens in the bitcoin is definitely not good for the US indexes.
The latter declined after the news that Trump's economic advisor resigned and raised the fears of cruel trade wars.
Yesterday the ethereum fell by more than 7% and traded at levels of 740 dollars per coin. Tech analysts, who think we are going to see a test at the $700 psychological limit for a coin, are becoming more and more.
The strong recovery of the ethereum from last month lost its energy at the highest value of $982 for a coin on February 18th. Since then, the cryptocurrency has lost 19% of its value.
According to technical analysts, however, the bad news about the ethereum may not end here. It is quite possible to see a test of psychological support at 670 dollars per coin.
The decline of the ethereum was largely determined by the depreciation of the bitcoin. The latter did not overcome the $12,000 psychological limit, after two attempts, and pushed down strongly.
Now, the cryptocurrencies traders still have to hope that the bitcoin will not be reduced to less than $9,300 to keep the potential flag figure. Otherwise, we may witness further severe impairment, with the bottom at $7,000.