RATE Group | Ethereum Approaching the Critical $100 Support Level With Fresh 18 Month Lows
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Ethereum Approaching the Critical $100 Support Level With Fresh 18 Month Lows

25 Nov Ethereum Approaching the Critical $100 Support Level With Fresh 18 Month Lows

Posted at 13:53h in Ethereum News by

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Ethereum has seen a significant further 13% price decline over the last 24 hours of trading. At the time of writing, the market is trading at the $106.49 handle as ETH/USD continues to approach the $100 support level.

  • Ethereum has dropped to a price level not seen for over 18 months.
  • The market continues to grind lower as price action approaches $100.
  • Support moving forward: $111.21, $106.98, $100.46, $95, $90, $85, $83.61
  • Resistance moving forward; $121.89, $132.28, $160.

Like the rest of the current market, the bloodbath has caused Ethereum to place fresh new lows not seen since May 2017. Ethereum is now ranked in 3rd position, behind Ripple, with a total market cap value of $11.01 billion. The decentralized operating system has lost a total of 47% over the past 30 days and 62% over the past 90 trading days.

The 40-month-old coin is now trading at a price that is 92% lower than the all-time high value. Let us continue to take a closer look at the market and continue to provide…

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