ETH (Ethereum) followed the general market trend
The ether started trading on Monday, October 21 by moving up to $178 during intraday. Buyers, however, could not hold to their gains and dropped back down to $174 without being able to escape from the downtrend channel.
On Tuesday, October 22, it lost another 1.7 percent and fell even lower to $171.
We found the ETH/USD pair breaking both $170 and $165 supports on Wednesday, October 23 as the Facebook Libra hearings heavily impacted the whole cryptocurrency market. The ETH coin lost 5.2 percent and closed the day at $162. Bears were even able to push price down to $153 at some point during the session.
The last time ETH was trading this low was in April 2019. The $152-150 zone looks like solid support and was already defended twice in September
On Tuesday, October 22, it lost another 1.7 percent and fell even lower to $171.
We found the ETH/USD pair breaking both $170 and $165 supports on Wednesday, October 23 as the Facebook Libra hearings heavily impacted the whole cryptocurrency market. The ETH coin lost 5.2 percent and closed the day at $162. Bears were even able to push price down to $153 at some point during the session.
The last time ETH was trading this low was in April 2019. The $152-150 zone looks like solid support and was already defended twice in September