It’s time to sell? Ethereum fell by 12%

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The cost of the second by market capitalization of bitcoin has fallen below $200. Expert NewsBTC Ayash Jindal sure that the price Aldona will continue to decline

Thursday, October 11, the average market value of Ethereum cryptocurrency dropped to $199. Over the past few hours the price Aldona decreased by $26. During the day the coin fell 11.7%. During this same time, the Bitcoin exchange rate dropped by 4.4%, XRP — 13.6%. The total capitalization of the sector fell by $17 billion to $201 billion.

Analyst NewsBTC Ayash Jindal believes that Ethereum has fallen below the important support level at $200. Now, even if the rate begins to rise, growth will slow at $208-$209.

The expert said that if the price of the cryptocurrency falls below the zone of $194-$195, it can in a short period of time to fall to $180. The specialist added that Ethereum is now actively selling — its cost is under pressure. However, it may briefly rise to the resistance level at $209, then again will be reduced.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

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