{"id":410433,"date":"2020-01-10T09:30:23","date_gmt":"2020-01-10T09:30:23","guid":{"rendered":"https:\/\/wncen.com\/?p=410433"},"modified":"2020-01-10T09:30:23","modified_gmt":"2020-01-10T09:30:23","slug":"ethereum-bearish-analyst-sub-100-this-happens","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-bearish-analyst-sub-100-this-happens\/","title":{"rendered":"A Big Plunge to Sub-$100 for Ethereum Is Imminent If This Happens"},"content":{"rendered":"

Bitcoin<\/a>, Ethereum, and the rest of the crypto market have been on quite the tear of the past week, with BTC rallying from $6,800 to $8,450 in a matter of a few days. But over the past 48 hours, the crypto market has stalled, with nearly all digital assets posting 8% losses from the local top.<\/p>\n

While prices are holding relatively stable at the moment, an analyst has noted that both BTC and ETH are on extremely thin ice.<\/p>\n

Related Reading: Bitcoin to Surge 150% In 6 Months? Why Analyst Thinks It\u2019s Possible<\/a><\/h6>\n
Ethereum Needs to Hold This Level<\/strong><\/h2>\nMichael Van De Poppe, a contributor to CoinTelegraph and a noted crypto analyst, recently noted<\/a> that Ethereum<\/a> is effectively on the edge of a cliff at the moment, per his analysis.<\/p>\n
He noted that if the second-largest cryptocurrency manages to break below $133 \u2014\u00a0 a mere 2.5% below current levels \u2014 on a daily basis, meaning that it will have to turn that area into resistance, a move to $100, maybe even lower, could be had.<\/p>\n
\n
$BTC<\/a> #BITCOIN<\/a> & $ETH<\/a> #ETHEREUM<\/a><\/p>\n
Still, basically two scenarios I'd be watching.<\/p>\n
Holding $7,500-7,600 on $BTC<\/a> and we could look at $9,500.
Losing $7,500-7,600 and I feel we're accelerating towards $5,800 or $6,400.<\/p>\n
Similar with $ETH<\/a>, losing $133 -> $100 on the table. pic.twitter.com\/m9wR1lDsrf<\/a><\/p>\n
— Micha\u00ebl van de Poppe (@CryptoMichNL) January 10, 2020<\/a><\/p><\/blockquote>\n