Ethereum News
In The Red Again: Ethereum Sinks Below $200 In 24 Hours

This Tuesday’s round of Ethereum news is not quite positive – mostly because of Ethereum’s downward trend over the past 24 hours – which led the second largest cryptocurrency by market cap below the $200 mark as the market is preparing for action this Tuesday.
Ethereum (ETH) has been on an ascendant trajectory. After dropping to $175 last week, it climbed to $225 at one point over the weekend and stabilized at the $200 mark into Monday afternoon. However, ETH is now down to $197 from yesterday, when a surge in its sell volume forced it to drop below $200 on the leveraged trading platform BitMEX, before recovering to the present value of $197.
Still, Ethereum is now down 10% for the day and trades with a market cap of just over $20 billion. However, it is not the only altcoin that was in the red again – EOS, IOTA, TRON, NEO and Ethereum Classic all followed the trend and pulled back by about 8%.
Bitcoin is also sluggish and recently declined under 4% to $6,293 which is its price at the moment of writing. The flagship cryptocurrency is now even closer to the 60% market share, being at 56.4% and dominating the market more and more each month.
What do you think will happen with the top 10 cryptocurrencies? Is there a surge coming – or we should be prepared for another drop? Let us know in the comments!
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Ethereum News
Ethereum’s Volatility Is At Multi-Year Lows, Signalling Potential Action

“With $ETH’s 60d volatility falling to levels not experienced since 2016 are we finally due for some price action? Or just more of the same,” they said when pointing to the price chart seen below.https://twitter.com/coinmetrics/status/1205572020504858624Now, it is highly probable that any ETH movement will still remain dependent on Bitcoin as BTC has been a strong guiding force over major altcoins in recent times. Even though it remains unclear as to whether or not Ethereum's volatilty could translate to a massive movement, opinions are split.The co-founder of Ethereum, Joseph Lubin, recently spoke about the strength that the cryptocurrency has. As he said in a tweet:
“Over 20M total #Ethereum accounts were created in 2019. Over $650M USD is currently locked in #DeFi. Over 4.5M $ETH was issued this year from block rewards. The @ethereum machine just keeps chugging!”https://twitter.com/ethereumJoseph/status/1205567272393293824
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