Ethereum Price Analysis: These Key Support Levels Drive Long-Term Bullish Outlook for ETH Price

Ethereum Price Analysis: On May 11th, the ETH coin price gave a decisive breakdown from the combined support levels of $1827, a 23.6% Fibonacci retracement level, and a rising support trendline. This breakdown accelerates the selling momentum in the market and has set the ETH price for a longer downfall. However, in the big picture, this ongoing correction is likely a temporary pullback and the overall trend remains bullish.