Ethereum to See Further Losses as Crypto Market Becomes “Beyond Bearish”

chase 980x455

Ethereum and the aggregated crypto market have been caught in the throes of a strong downtrend throughout the past 24-hours This has come about due to multiple macro developments, including news about President Trump’s health as well as the government’s decision to chart the BitMEX owners Despite the overt bearishness of these sellable news events, both Ethereum and Bitcoin are still sitting above their multi-week lows That being said, one analyst is expecting Ethereum to see further downside in the near-term He is specifically looking towards a move down to its next support levels at either $325 or $315 Ethereum and the entire cryptocurrency market are facing some immense turbulence at the moment, with sellers taking this as an advantage to bolster the sell-side pressure. ETH’s price is currently underperforming Bitcoin’s as investors are keen on fleeing any altcoins due to the risk of them seeing heightened volatility going forward.…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE