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Ethereum: Fulfils its promise of double digits, almost there

  • ETH heads towards double digits.
  • Break of $100 is not a sand in the line, yet.

Ethereum, the erstwhile second largest cryptocurreny by market cap, which is third now, is close to losing its triple digit mark and headed into double digits, as promised in the charts and reported by this author earlier.

ETH/USD is down about 6 percent on day at $106.38, after hitting the low of $104, not far from psychologically important level of $100 and which won’t hold on for long.

Given the pace of this fall and despite oversold RSI, ETH has been consistenly falling and may drift faster towards lower end of this triangle where only major support is now at $67 – roughly 37 percent down from current price level.

ETH/USD daily chart:

Source: fxstreet


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