Will EMA Death Crossover Lead ETH Price to $1500?

The recent surge in the crypto market linked to the bullish sentiment built around the Bitcoin ETF was immediately undermined by sellers. The bears struck a counterattack with even greater force leading to a significant downfall in the top two cryptocurrencies Bitcoin and Ethereum. Amid this downfall, the ETH price lost a significant local support of $1610 suggesting further downfall in the near term.