Ethereum is taking a pull-back movement while step by step trading lower against the US Dollar and staying in the negative of Bitoin's Market. ETH price did spike below a major support of $282.
Ethereum price cleared important resistances against the US Dollar and now for near term upward continuation ETH/USD should trade above $270.
Co-founder and so called "genius" behind Ethereum does believe very much that cryptocurrency is the true future of security and economics. According to Buterin - with the right incentives Ethereum network could be taking the place of Credit…
It is obvious by the whole crypto-community that the news are now in major control of the price development and they are hitting Bitcoin one by one tanking its price against the US Dollar massively.
A volatile and fluctuating market followed after the price recovery from the price crash on Sep 15 with the regulation news that spread fear and market uncertainty with many speculations.
Ethereum price took two major attempts to overcome the $250 mark first against the US Dollar. The pair is aiming for the $300 mark after increasing past $280.
Ethereum price against the US Dollar has recovered from the lowest monthly, but is struggling to get near and close above major resistances at $280.
The leader in providing tokenized currencies Tether is offering tokenized USD on the Ethereum Network, a service on the second by market cap major cryptocurrency following only Bitcoin
Despite any technical analysis or possible-outcome idea, the control of the market right now is on the hands of the news-drifted momentum.
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On the announcement that China did decide to turn off BTC-to-fiat exchanges on Sep 30, the first move on the market obviously would be traders selling and encash their part so the decline in price is predictable.