Analyzing ETH's dual scenarios following this interesting ‘record'

Ethereum ETH, the world's largest altcoin, has suffered extensively in June. ETH fell below $1,000 for the first time in more than a year as the broader crypto-market continues to slide south with no quick remedy in sight.

Timeline of Ethereum

Ethereum price analysis is bearish today as we have seen a strong retrace from the previous low at $900 over the past days end with respect to resistance at $1,150. A retest of it has already been made later today, indicating that local double top has formed and more downside is incoming.

Ethereum‘s price recently showcased some strength and recorded some short-term bounce that uplifted the price above $1100. However, the false weekend jump that recovered nearly 25% of the losses could all go in vain as the asset is about to drop hard marking new lows very soon. Interestingly, the buyers and the sellers are in …

The seasoned trader who nailed Bitcoin's more than 80% drop during the 2018 bear market is warning Ethereum investors that ETH could see a massive 70% devaluation from current prices. Peter Brandt tells his 661,800 Twitter followers that leading smart contract platform Ethereum has broken down from a head and shoulders formation and could now The post Veteran Trader Who Predicted Bitcoin (BTC) 2018 Collapse Unveils Massive Downside Target for Ethereum (ETH) appeared first on The Daily Hodl.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice As macro-economic uncertainties fueled market-wide corrections, the crypto-market's capitalization plunged below $900 billion. Over the week, Ethereum [ETH] broke down into high volatility after losing its $1,700-support.

Ethereum risks dropping further after breaking below the $1K price point in a 2018-like bearish cycle so let's read more today in our latest Ethereum news. Ethereum risks dropping further after the latest crash below $1,000 with the ongoing sell-off on the market bringing a lot more pain for cryptocurrencies.

June's second week-sell off plunged the ETH/USDT pair to a low of $896.1. However, the high demand pressure prevented a daily candle from closing below the $1000 support, resulting in long-tail rejection.

Investors and traders in the cryptocurrency market thought that there could be nothing worse than the Terra crash of 9 May. Little did they know that the month of June had something much worse in store.

After ten weeks of red, the bears were able to push the price below $1,000 yesterday. They managed to advance below $900, but the market saw a quick recovery and reclaimed on top of the covered $1K mark.

Ethereum (ETH) has fallen below $1,000 for the first time in more than a year as the broader crypto market continues to slide south with no quick remedy in sight, or at least not yet. Ether (ETH) was one of the cryptocurrencies that performed particularly poorly, falling 7.32 percent over the past day to follow Bitcoin's loss.

Ethereum (CRYPTO: ETH) was diving over 13% on Saturday, in sympathy with Bitcoin (CRYPTO: BTC), which was plummeting over 10% lower.  Price action in the crypto market has been predictive of the price action in the general markets recently, and traders and investors of stocks will likely be watching Bitcoin and Ethereum this weekend as they tank.