Ethereum May Crash to $300 Support as Selling Pressure Grows Heavy

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Ethereum is currently oscillating between highs of $345 and lows of $336 as its bulls and bears reach an impasse The cryptocurrency has been unable to see any relief following the massive influx of selling pressure that stopped it from seeing any further gains It is still trading well above its multi-week lows of $320, but growing weakness is putting its current stability in jeopardy One analyst explained in a recent tweet that he expects ETH to plunge towards $300 before it finds meaningful support The dip to these lows could be followed by a strong upswing Bitcoin’s $11,200 rejection has had grim implications for the aggregated cryptocurrency market. It has caused Ethereum and many other altcoins to see notable losses. It is important to keep in mind that these losses have fundamentally altered the cryptocurrency’s market structure. One analyst is now noting that Ethereum could be positioned to see…

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