RATE Group | The bottom fell out of Ethereum: ETH/USD slumped 9.5% in 24 hours to the lowest level si…
42038
wp-singular,post-template-default,single,single-post,postid-42038,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,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
 

The bottom fell out of Ethereum: ETH/USD slumped 9.5% in 24 hours to the lowest level si…

12 Sep The bottom fell out of Ethereum: ETH/USD slumped 9.5% in 24 hours to the lowest level si…

Posted at 06:35h in Ethereum News by

[ad_1]

  • ETH/USD slump is gathering pace as the coin takes out one support after another.
  • Vitalik Buterin says his comments were misinterpreted and twisted.

Ethereum is changing hands at $174.60. The coin resumed the downside after a feeble recovery attempt late on Tuesday. ETH has lost over 4% of its value since the beginning of the day and nearly 10% in recent 24 hours. It is one of the worst performing digital coins with over 37% loss in past seven days.

Ethereum’s technical picture

ETH/USD is moving closer to uncharted territory as there are no support levels below $174.00.  Once it is cleared, the sell-off may gather pace and take the price towards $155.00, which is July 17, 2017 low. On the upside, the hurdles are plenty, and the first one comes at $186. This level stopped the recovery attempt late on Tuesday. Then comes $190 and $200, which looks unreachable now.

Many experts blame Vitalik Buterin for the recent cryptocurrency sell-off as the Ethereum creator, who said that the…

[ad_2]

Source link