Ethereum creates new 'highs' after slipping below $1.3k
Bears have been taking advantage of the persistent FUD, and as a result, crypto asset prices have been sliding downwards. A day back, both Bitcoin and Ethereum scripted new November lows. In fact, top companies like McDonald’s and Walt Disney flipped Ethereum as the latter’s market cap dropped below the $200 billion threshold. Read More: McDonald’s, Walt Disney flip Ethereum as its M.Cap slips below $200B However now, both the top crypto assets have create d another not-so-encouraging record. As analyzed in an article earlier today, Bitcoin stooped down to $17.1k, to create a new two-year low. Ethereum, on its part, also registered back-to-back red candles hourly. At press time, the second largest crypto was trading below the psychological $1.3k level, after depreciating by around 13% in 24 hours. Crucial support comes into play for Ethereum The destruction could have been far worse for Ethereum. However, its strong support of around $1290 came into play a...