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Ethereum Defends Key Support Despite Bitcoin Volatility

Emily Mason

Summary: Ethereum's price dropped after Bitcoin dipped below its range bottom of $9,000 on Wednesday, June 24, however Ether quickly recovered and is back to trading in its long-held range between $230 and $250. At the time of publication Ether is trading at $233, Bitpush data shows. The currency has been tracking BTC's movements in recent ...

Ethereum's price dropped after Bitcoin dipped below its range bottom of $9,000 on Wednesday, June 24, however Ether quickly recovered and is back to trading in its long-held range between $230 and $250.

At the time of publication Ether is trading at $233, Bitpush data shows. The currency has been tracking BTC's movements in recent weeks, but ETH was able to defend its support at $229 even as BTC fell below $9,000.

Ethereum has been showing strong on-chain metrics recently, suggesting the currency is in a strong position. 

By Emily Mason

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