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Prices for Ethereum fell to a 2.5-month low

Now its value is estimated below $ 430.

24.Jun.18 10:34 PM
By John M Jeffcoat


Prices for Ethereum fell to a 2.5-month low
The price of the aether, the second largest cryptocurrency in the world by market capitalization, fell to a 74-day low below $ 430, a level that was not observed since April 12.

The CoinDesk price index data show that the cryptocurrency fell by more than $ 50 for a short period of 12 hours, reaching $ 426.47 on Sunday. However, the lower level of support triggered an immediate price change, which quickly recovered a loss of $ 42.

Now ETH returns above $ 450, but still at 3.36 percent during the 24-hour period. In addition, according to the annual accounts, ETH reports a 60% decrease from this year's high of $ 1,326 on January 14.

However, long-term ETH status indicators have reached the "oversold" area and are currently consolidating in price to cool RSI and Bearish MACD.

Other major crypto-currencies also flash red but show little signs of recovery. For example, bitcoin deviates slightly from $ 6,146.

EOS, the world's fifth-largest cryptocurrency by market capitalization, talks about a similar story: it fell 3.6%, but recovered from a low of $ 6.89 to $ 8, according to CoinMarketCap.

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