ETH slides below $1,900, as markets continue to react to disappointing data from China.
) also experienced volatility during today’s session, with the token marginally falling below $1,900./USD slipped to a low of $1,862.74, which comes less than 24 hours after the token was at a high of $1,926.60.
Today’s bottom is the lowest level that ethereum has traded at since August 11, when the price went on to break out of a ceiling at $1,885.Ultimately, the decline comes as a key resistance point of $2,010 held firm over the weekend, with bears using that as a signal to reenter the market.is up by nearly 11% from the same point last week, with the 10-day moving average maintaining its uptrend.
Although the uncertainty in the global economy has impacted investor confidence, there is still a good chance that ethereum could move beyond $2,000 in the upcoming days.Tags in this story