Home NewsBitcoin News Ethereum Sees Continuous Plunge in Price, Trades Below $250 Level

Ethereum Sees Continuous Plunge in Price, Trades Below $250 Level

by Monica Padillo

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.