Ether continues to trade lower under the shadow of Bitcoin in days leading up to its supply-crunching hard fork event.
Ether (ETH) prices slid in tandem on July 20, in tandem with Bitcoin’s (BTC) drop below $30,000.The ETH/USD exchange rate dropped 5.41% to an intraday low of $1,720 — or roughly $400 above its 2018 all-time high price, which should serve as an important psychological support level. The pair’s bid had climbed to as high as $1,994 on the Coinbase exchange on Sunday. Meanwhile, its price action looked strikingly similar to Bitcoin’s, the flagship cryptocurrency that topped at $32,450 on Sunday but later corrected to as low as $29,507 during the Tuesday session.Bitcoin price trends continue to influence Ethereum’s interim bias. Source: TradingViewThe plunge also followed the Ethereum network’s co-founder Anthony Di Iorio’s exit from the cryptocurrency industry, partially because of personal safety concerns.
Źródło: https://cointelegraph.com/news/no-hard-fork-love-for-ethereum-as-eth-price-falls-to-a-three-week-low
