Ethereum (ETH) is yet to escape a formidable downtrend that has been dragging the cryptocurrency from an ATH of $1,448 since the beginning of the year. However, the cryptocurrency seems to have found support at $423 and is currently trading at the bottom of the channel.

The last few weeks have been tough for Ethereum (ETH) as it became the centre of bad news regarding ICOs, infighting and technical scalability issues. So, Ethereum (ETH) can be considered fortunate in this regard that at least the correction it went through was well deserved, unlike cryptocurrecncies like Ethereum Classic (ETC) which were dragged down with Bitcoin (BTC) and the rest of the market for no good reason.

Continue reading Ethereum (ETH) Set To Challenge Downtrend In The Next Few Days at Crypto Daily™.

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