Cryptocurrencies Price Analysis: Ethereum, Cardano, Tezos, EOS, IOTA

  • The cryptomarket is turning an overall bullish market into red again as bitcoin again slips below the crucial level of $6800k.
  • The global market forces are still providing a negative impact on the crypto market as the majority of the crypto assets are facing a negative downtrend.
  • The market capitalization is $191,776,903,236 and volume traded of $135,130,264,347. The dominance of BTC has also declined to 64 %.

Screenshot (202)
Source: Coin360

Ethereum (ETH) Price Analysis

eth
Source: Coin360

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Ethereum started at a price level of $162.00 in today’s market. The ongoing overall negative downtrend in the market is providing a tough time to the cryptoasset. Ether also broke the crucial support level of $160.00 which is an indication of massive bearish momentum. The coin is already facing an overall loss of -2.83% bringing the current price level to the critical point of $153 again. The market capitalization is $16,967,130,677 and volume traded of $16,692,896,304. The ETH/BTC pair is also facing a significant downtrend of -1.00% with the level of 0.02288779 BTC.

Cardano (ADA) Price Analysis

ada
Source: Coin360

ADA started with a price level of $0.033 in today’s market. Due to the overall downtrend in the market, it is facing an overall loss of -2.47%. ADA is at the current price level of $0.030 with a market cap of $836,243,477 and volume traded of $16,622,809. Cardano is in a safe spot until it breaks below the crucial level of $0.30.

Tezos (XTZ) Price Analysis

xtz
Source: Coin360

Tezos is majorly supported by the price level of $1.50 in today’s market. It started with the price level of $2.00 and the bearish movement brought the price level to $1.80. The market capitalization is $1,364,798,365 and volume traded of $66,442,743. The XTZ/BTC pair is having a significant decline of -1.54% with the level of 0.00024702 BTC. It is certainly not a good sign for the altcoin and may plunge below the crucial mark of $1.50.

EOS (EOS) Price Analysis

eos
Source: Coin360

EOS has plunged below the crucial mark of $2.50. This is certainly not a good indication for the altcoin and may face significant downfall in upcoming days. The current price level is at $2.35 with market capitalization of $2,189,566,527 and volume traded of $623,014,346. However, the cryptoasset has also got the major support level of $2.00 which saved the coin from the major downfall previously when it plunged below the level of $2.50.

IOTA (MIOTA) Price Analysis

iota
Source: Coin360

IOTA is also currently at a critical level of $0.149. The further downfall in the cryptoasset will result in a price break of the support level of $0.148. The current price level is $0.149 with market capitalization of $426,109,608 and volume traded of $13,592,539. Breaking the crucial level of $0.15 might result in major price corrections for the cryptoasset in the market.

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Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.

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