ETH – Ethereum Bears in Control Below 200
ETH – Ethereum is under selling pressure today mirroring Bitcoin and continues the negative momentum that started the last trading session. ETHUSD breached the 200-day moving average on August 20th and bears took control driving the second-largest cryptocurrency lower. On the downside first support stands at 185.65 daily low, followed by the recent low from August 18th at 177, while a convincing break below can lead the price down to 159 the low from May 6th. On the upside, immediate resistance for Ethereum now stands at 188.43 today’s high while more selling pressure will be met at 200 the 20-day moving average.
ETH – Ethereum market capitalization stands at 20.05 billion with the trading volume today reaching 6.3 billion. Bitcoin – BTC trades at 10,172 with a market cap at 182.5 billion and Litecoin – LTC trades at 73.07 with a market cap at 4.6 billion. The 100 biggest cryptocurrencies market capitalization holds above 264.4 billion.