Ethereum Drops Below $ 150?
Ethereum (ETH) suffered heavy losses over the past 24 hours and lost ground won at the end of last week.
The largest altcoin on April 10 was trading above $ 170. Many observers bet on its growth up to $ 180 and even up to $ 200 in the nearest future. However, on April 12, the coin was already trading at $ 164 on the BitXmi cryptocurrency exchange.
A sharp drop occurred on Monday, April 13. ETH fell in price to $ 153 in just a few hours.
Today, the coin has risen in price to $ 159, with a little support. Ether’s market capitalization is just over $ 17.448 billion. However, the “bearish” moods still dominate. This makes many traders think that testing values below $ 150 are already inevitable.
The last time the ether was trading below $ 150 in the early days of April. One investor posted a forecast on Twitter. Сryptocurrency threatens to fall another 10% before it can get a little support.
Bitxmi analysts believe that the rollback is necessary for the coin to complete the consolidation and its subsequent rebound. In the coming days there should be a reversal with the return of the trend to strengthen the ETH rate.
Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.