RATE Group | ETH/USD goes below $200.00 amid the bloodbath on the cryptocurrency market
88868
post-template-default,single,single-post,postid-88868,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

ETH/USD goes below $200.00 amid the bloodbath on the cryptocurrency market

21 May ETH/USD goes below $200.00 amid the bloodbath on the cryptocurrency market

Posted at 21:18h in Cryptocurrency News by

The second-largest digital asset dropped below a critical $200.00 and touched the intraday low of $196.33. At the time of writing, the second-largest digital asset is trading at $198.69, down 5% since the beginning of the day. 

The sell-off is caused by technical factors and general sentiments on the market where Bitcoin touched the ground below $9,000, while XRP settled under $0.2000.

From the technical point of view, a sustainable move above $200.00 is needed to improve the short-term picture and allow for an extended recovery towards the intraday high of $211.00 reinforced by a combination of 1-hour SMA50 and SMA100.

ETH/USD 1-hour chart

Source link

Tags:
, , , ,