Ethereum is on the verge of a breakdown to $500, mostly if the support at $540 fails to hold. The bearish outlook will be abandoned if Ether closed the day above $540 and perhaps reclaimed the ground past $560. Ethereum is in the middle of a retreat that could soon touch $500 following a failed The post Ethereum seems to be going back to the drawing board as $500 beckons appeared first on Coingape.