RATE Group | Ethereum Price Drops to $179; Vitalik Buterin Fights Back on Twitter
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Ethereum Price Drops to $179; Vitalik Buterin Fights Back on Twitter

11 Sep Ethereum Price Drops to $179; Vitalik Buterin Fights Back on Twitter

Posted at 22:27h in Ethereum News by

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The major coins are under pressure again, and today, Bitcoin is also drifting lower, testing the key support level near $6275. All eyes are on the most valuable coin since it has been the strongest currency, giving hope to crypto bulls during last week’s steep selloff.  The top altcoins are still very weak, with Ripple getting very close to its August low after its overnight dip, while Ethereum threatening with another move lower, with now the key $180 support being in danger.

While volatility is still lower than last week, as the majors are approaching key levels, trading activity is expected to get stronger, and with correlations still being very high, larger moves are expected in the coming days. Traders should remain defensive here, given the short-term sell signals in our trend model and the still dominant broader segment-wide downtrend.

DASH/USD, 4-Hour Chart Analysis

The recently strong Dash also joined the decline today in early trading, dipping back…

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