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Ethereum market update: The future looks bleak as ETH/USD slides under $170

Ethereum market update: The future looks bleak as ETH/USD slides under $170 | Forex Crunch

Ethereum price dives deeper into the Bollinger Bands as the technical picture makes a turn for the worst. Recovery towards $200 will depend on the ability of Ether to find a credible bottom and create fresh demand. The plunge on Tuesday, September 24 is still impacting negatively on the performance of cryptocurrencies across the board.