Ethereum price plunges below $1800 after network attack, causing the market to hit its lowest point since November. Experts warn of potential further drop if crucial support is lost.
In the past 24 hours, the total market value of digital currencies has dropped to its lowest level since early November, losing around $240 billion. Ethereum (ETH) has been hit the hardest, plummeting 16% in the last 12 hours. Analysts believe strong support exists at the current level, but if lost, Ethereum’s price could drop to $1200. The formation of a double top pattern in the Ethereum chart indicates the possibility of further decline.
