The crypto currency market is shrinking. The capitalization of Ether was below $ 100 billion.
The crypto-currency market declines, in the last 24 hours the total market capitalization of all crypto-currencies has decreased by approximately 12.5% and currently stands at about 514.00 billion. The pressure on the market is exerted by concerns of investors in anticipation of new regulatory measures in the market, in particular from China and South Korea, which plan to impose bans on trade in crypto currency. In addition, see “The Crypto-Currency market is declining: China is putting pressure on“
By the end of trades on Tuesday, Ether reached a minimum mark of $ 871.41 per coin. At the moment, the market capitalization of the Ether is about $ 95.00 billion.
Technical analysis: The price of the Ether moves near the support line of the ascending channel on H1. In the event that the price will be able to gain a foothold below the $ 870.00 mark, one should expect a further decline in the price of the Ether to $ 745.00; $ 670.00.
Fig. ETH/USD. Current price – $ 914.690
Alexander Sivtsov