Ethereum Loses Nearly 50% In Two-Week Period

Ethereum continued decline in the month, continues to lose 7.25 percentage points in the last 24 hours, depending on coinmarketcap.com. Although today's loss reflects the cryptocurrency market in general, it was a bit Bitcoin, which lost 5.71 points worse.

All cryptos all terrain lost today with few exceptions. The first was the biggest blood player to escape the leadership, and the 36 largest market capitalization encryption, recording a gain of 8.55 points.

The Ethereum price nearly 50 percent of its value over the past two weeks, fell to $ 282.31 on July 4 at $ 189.86 on July 14. Losses greater than those Bitcoin.

Ethereum Loses Market Share

On June 19, when it was priced at $ 371.51 the Ethereum market value of $ 34,410,000,000, it had narrowed the gap with Bitcoin, which controls 30.64% of the total encryption market, compared with 37.83 % Bitcoin. From July 6 Ethereum was not winning over a share of the total encryption market. It was Ethereum 24.62 percent of the total market, while Bitcoin encryption 42.36 percent. At present, Ethereum only 22.65% of the total market compared to 47.14% of Bitcoin owns.

Despite the decline last month, it has reduced the size of losses, and is the image on the long-term market favorable encryption.

Bitcoin and Ethereum prices stabilized after a fall on Tuesday, slowing the overall decline in the market and allowing some parts recovered moderate experience. Prices increased Ethereum on Wednesday, shaking, down at least for a long time temporarily.

Progress Is Expected

Ethereum was a leader in the market last week, the sharp decline in small business currency has heavily weighed on the icon. It fell ETH without a base level of $ 200, but in the end showed relative strength in the short term, and remained above the minimum correction as well. The currency is still well into the correction pattern and going above just $ 235 will be an indication of a short-term change. However, the correction of nearly 60%, and the long-term image, and now in oversold territory a little, refers to the possible long-term fund.

It came Ethereum prices from the business model in almost all digital currencies that record levels in early June above $ 400 for each single currency. He predicted that the Ethereum acceptable currency has less than $ 200 recurring.

He predicted Duke Nicola, a technical analyst at Forex Analytix from historical price data to determine price movements in the future, in late May that Ethereum, which was still on the path of explosive growth, could face Down 38.4 points from its $ 227 price.

In long term research, prices have remained much higher Ethereum than the teenagers who have maintained throughout the year until the start of the rapid rise that began in March.