- Ethereum has dropped by almost 10% over the past 24 hours of trading.
- Trading will become volatile during the run up to the hard fork expected around January 16.
- Support moving forward: $124.91, $120, $115.15, $101.27, $93.00, $84.00
- Resistance moving forward: $134.67, $138.29, $146.74, $155.12, $171.94, $180.67, $190.83.
Latest Ethereum News
The Ethereum market has taken a beating over the past 24 hours, a result of Bitcoin breaking below the $4,000 handle and landing at the $3,700 region. During the price decline, Ethereum lost its second position to Ripple, once again, to fall into the 3rd position in the market cap rankings.
This market plummet comes days before the Constantinople hard fork, scheduled for block 7,080,000, estimated around January 16.
The hard fork will implement 5 Ethereum Improvement Protocols (EIPs) which will help Ethereum migrate from an energy-intensive PoW algorithm to a more eco-friendly PoS algorithm. To find out more about each of the EIPs to be…