The overpowering sellers forced a definitive breakdown from this critical level on December 13th. This 20 percent decline from the All-Time High of $4875 is currently retesting new resistance before launching a red rally. As long as the price of ETH remains above the trend-defining 200 EMA, the coin remains bullish. The conventional pivot predicts that $4152 and $4647 will be major resistance levels for ETH price.