We are seeing a panic across the cryptocurrency sector this afternoon/evening. Total crypto market capitalization has just plummeted below US$500 billion after sitting near US$550 billion for most of the US trading session.
Many crypto charts have been heavily damaged and will take weeks/months to repair themselves. However, the highest quality cryptos such as Ethereum are just now moving down into major areas of support:
The $775-$875 area looks like a BUY zone for Ethereum.
Volume and volatility are screaming higher and things could get even more volatile during Asian trading hours. Stay safe out there and don’t risk what you can’t afford.