Similar to Bitcoin and other alt coins such as Ripple, Ethereum’s price continues to plunge, breaking the $255 and $250 support levels against the US Dollar.
According to a report by NewsBTC, the cryptocurrency is down close to 10 percent. As of press time, Coinmarketcap data shows that the price of Ethereum is at $238.54.
While Ethereum continues to see a decline in its price, NewsBTC reports that the $230 and $225 levels will possibly provide support. It is also seen as the area where Ethereum bulls will potentially emerge.
Meanwhile, Bitcoin’s price resumes to plunge, trading at $9,187.75 as of writing. Ripple also fell below the $0.2500 support against the US dollar, now standing at $0.242651.
The three leading cryptocurrencies in the market have been seeing price declines since the past week, dampening the mood of bulls.
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