Ethereum has now dropped by a total of 18% over the past 7-days of trading.
The cryptocurrency has found some form of support at the $212 level as it attempts to stabilise and rebound.
Ethereum has dropped by a steep 18% over the past 7-days of trading after it rolled over from resistance at $280 from the start of last week. The cryptocurrency continued to drop further lower until finding some recent support at a downside 1.414 Fib Extension level at around $217 and has allowed the buyers to start the battle to try and push higher.
Ethereum remains ranked in the second position as it presently holds a total market cap value of around $24.2 billion.
Ethereum Price Analysis
ETH/USD – Daily CHART – SHORT TERM