RATE Group | Ethereum Price Analysis – Ethereum Continues to Look to Head Lower as Price Action Sits …
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Ethereum Price Analysis – Ethereum Continues to Look to Head Lower as Price Action Sits …

08 Dec Ethereum Price Analysis – Ethereum Continues to Look to Head Lower as Price Action Sits …

Posted at 16:17h in Ethereum News by

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The troubles continue for Ethereum as the cryptocurrency remains under the $100 psychological support level. Although the market may have seen a small +4.20% price increase over the past 24 hour trading period the cryptocurrency still is trading at a price of around $88.59, at the time of writing.

  • Ethereum troubles continue to struggle as price action sits below $90.
  • The market continues to head further lower creating fresh yearly lows.
  • Support moving forward; $84.40, $84.10, $80.25, $70, $68.83, $64.55, $52.41.
  • Resistance moving forward; $98.90, $100, $111.65, $130.83.

The market has seen a drastic -23% price decline over the previous 7 trading days and a further -58% price decline over the past 30 trading days.

Ethereum is now ranked in 3rd position, behind Ripple, with a total market cap value of $9.30 billion. The 40 month old project is now trading at a price that is 93% lower than the all time high price.

ETH/USD – SHORT TERM – 4HR CHART

4HR Chart
Taken From TradingView

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