Ether Drops Below $1K, Dragged Down By BTC Slide – What’s The Next ETH Support?
The cryptocurrency market is still stunned by last week’s precipitous decline. In 10 days, Ether shed around 45 percent of its value. On the four-day chart, the Ethereum (ETH) price has now returned to the historical RSI low recorded in 2018 when the cryptocurrency traded at $81. On Saturday, ETH values fell below crucial levels and are currently trading in the triple digits as the recent crypto sell-off continued. According to data provided by Coingecko, as of the time of writing, ETH is trading at $1,008, a decrease of about 40 percent over the past week. Suggested Reading |....
Related News
Bitcoin further sank to about $17,750 for the first time since December 2020 Saturday afternoon, as the selloff in the crypto market intensifies. Bitcoin’s price is still falling steadily and is currently testing the 2017 all-time high range of $17,000 to $20,000. However, the descent shows no indication of abating, and analysts are are not quite sure to call a bottom at this time. The following hour, Ethereum followed suit and went below $1,000. These numbers were feared as crucial support levels for the top two coins by market capitalization. Suggested Reading | Ether Drops....
Ethereum extended decline below the $3,000 support against the US Dollar. ETH price tested the $2,850 support, below which it could nosedive. Ethereum started a sharp decline below the $3,000 support level. The price is now trading below $2,950 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,065 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the USD 2,850 support. Ethereum Price Dive To Major Support Ethereum failed to stay above the $3,000 support zone and....
Bitcoin has undergone a bit of a blunder and fallen by $10 since our last price piece. At press time, the currency is hovering at around $440, and some are feeling a bit nervous all over again. As the bitcoin price falls, many are wondering: is Ether to blame? Is Ether Taking Over? As usual, price analysts had been predicting massive drops in recent weeks; the sentiment among true cryptocurrency advocates was that these thoughts were flukes, and it was probably a little too early to worry. Now, however, the old “soothsaying” is taking an even greater turn, and analysts are labeling the....
The decentralized finance (DeFi) has not been spared from the recent crypto onslaught. This crash that had finally put top coins like Bitcoin and Ethereum 50% below their all-time high values had also dragged the DeFi market down with it. What has resulted is a near 50% drop in total value locked (TVL) across all […]
Bitcoin fell by over $3,300 while options traders see ether going higher.