RATE Group | Ethereum Price Analysis: ETH/USD Reclaims $220 Support As ETH 2.0 Casper And Sharding Cl…
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Ethereum Price Analysis: ETH/USD Reclaims $220 Support As ETH 2.0 Casper And Sharding Cl…

04 Oct Ethereum Price Analysis: ETH/USD Reclaims $220 Support As ETH 2.0 Casper And Sharding Cl…

Posted at 13:46h in Ethereum News by

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  • Ethereum buyers battle to cover ground toward $226 and $230.
  • “We are proud to announce our very first release of Prysm, v0.0.0…,” ETH developers.

Cryptocurrencies have been on the receiving of the bear market in 2018. The surge that happened toward the end of 2017 and the beginning of 2018 culminated in one of the most devastating selloffs in the history of cryptocurrencies. Ethereum (ETH) and other digital assets including Bitcoin have shed off more than 70 percent of their all-time high values. ETH/USD, for example, traded around $1,400 in January this year. However, the crypto has slashed off huge chunks to the extent of trading below $170.

Meanwhile, the second largest cryptocurrency by market capitalization is trading at $224 following an upsurge that began in the last trading session on Wednesday 3. The support at $214 had been instrumental in stopping the declines from the weekly high around $235. The overwhelming declines could not hold at the $220 support…

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