Ethereum’s (ETH) Price Holds $168 Support Amidst Historic Oil Dump

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In brief: The price of US Crude oil fell hard to $0 with its futures contracts going as far down as $-40. The once in a lifetime event, shook the crypto markets with Bitcoin (BTC) going back below $7,000. At the time of writing this, the price of Ethereum (ETH) is holding the $168 support zone. Analysts across the world have constantly been calling for a recession but no one was prepared for yesterday’s (April 20th) price action of US Crude Oil. The commodity fell hard to $0 per barrel with its futures contracts going down to negative territory. In the case of the latter, futures on US Crude Oil were at one point trading at $-40. However, and at the time of writing this, US Oil is currently trading at around $16.6 per barrel and $16.90 for its futures contracts. The aforementioned chaos did its fair share of damage…

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