The recent depreciation of $8,000 of Bitcoin has echoed the economy in the general market, taking important key actions like Ethereum after relatively large losses. ETH, which was testing a break above $190 before the fall of BTC, is now trading below a key support level.
A breakdown of Ethereum below this important level of support could mean that more losses are imminent. But analysts believe that a support sector that is significantly lower than its current price levels catalyzed a large bullish movement. Which increases its price at $260. Read more...
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