Ethereum [ETH] continues to crash below 14%; trapped under $100 mark

The month started with all the cryptocurrencies showing signs of resistance to the bear’s control over the market. However, this was shattered yesterday as the coins failed to resist the bear’s attack, with most of them breaking through their support level and entering a free fall. Additionally, a majority of the coins in the top ten were seen bleeding in double digits including Bitcoin [BTC], Ethereum [ETH], and XRP.

Ethereum [ETH], the third-largest cryptocurrency by market cap, continues to be one of the most affected coins in the market. The coin, which is being crushed by the bear, has settled below the $100 mark.

According to CoinMarketCap, at press time, Ethereum was trading at $86.90 with a market cap of $8.88 billion. The coin records a trading volume of $2.28 billion and has witnessed a significant downfall of more than 14% in the past 24 hours.

Ethereum price chart | Source: CoinMarketCap

Ethereum price chart | Source: CoinMarketCap

The majority of the trade volume for the coin is pouring in from OEX with ETH/BTC….

Read Full Story : AMBCrypto

2018-12-07 13:56:50

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