Ethereum has held its support at $1,900 despite Bitcoin dropping below $70,000.
BitMine has slowed down its buying spree for Ethereum due to current market conditions.
ETH could bounce back above $2,100 in the short term if the $1,900 support holds.
Bitcoin has lost 4% of its value in the past 24 hours and is at risk of breaking a key support level. However, Ethereum, the second-largest cryptocurrency by market cap, has maintained its price above $1,900 in recent hours.
ETH is currently priced at $1,979 and could see an uptick in the short term if the current support level holds.
Technical indicators suggest that sellers are still in control. However, the downtrend could ease as buyers keep the price of ETH above a crucial support zone.
BitMine has slowed down its buying spree for Ethereum due to current market conditions.
ETH could bounce back above $2,100 in the short term if the $1,900 support holds.
Bitcoin has lost 4% of its value in the past 24 hours and is at risk of breaking a key support level. However, Ethereum, the second-largest cryptocurrency by market cap, has maintained its price above $1,900 in recent hours.
ETH is currently priced at $1,979 and could see an uptick in the short term if the current support level holds.
Technical indicators suggest that sellers are still in control. However, the downtrend could ease as buyers keep the price of ETH above a crucial support zone.