Ethereum crumbles below support in 15% drop to lowest since September 2017

Author: Adam Button | Category: Cryptocurrency

Ethereum near a 12-month low

Ethereum is crumbling.

The second-largest cryptocurrency, which is often used in ICOs, is down nearly 15% today

The plunge breaks the August low of $250 and takes it back to where it was last September. It's now down 82% from its highs.

The low in September 2017 was $201 and that's going to be the big number to watch now.

The market cap of Ethereum is now $25 billion, down from $142 billion at the peak.

Bitcoin is holding up ok today, down 5% but the broader market is getting slammed:

  • Ripple -12%
  • Bitcoin cash -15%
  • EOS -15%

What a bloodbath.
ForexLive

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