Ethereum (ETH) seems to continue its fall. The ferocity of its fall is also higher as compared to the other cryptocurrencies. That is why; it has surprised investors on the negative side. It seems like no bottom is enough for Ethereum (ETH). Currently, it is trading around $ 103. It is fallen from approximately $ 1200. Thus, it is lost more than 90% of its value. It is at risk of going into the double digits.
Is Ethereum (ETH) headed for double digits?
The problem is that the momentum on the downside is so ferocious that it might end up breaking $ 100 as well. Double digits for Ethereum (ETH) is actually a reality rather than an imagination. This is the reason why investors are still sceptical about Ethereum (ETH) after losing such a significant amount of value.
With the fall below $ 100 eminent, it is actually not looking good for Ethereum (ETH). Also, with the blockchain competition increasing from the other cryptocurrencies, the usage of the Ethereum (ETH) blockchain is not increasing at a faster pace as compared to earlier. It remains to be seen from where, it finally turns around. For now however, it seems like there is no bottom which is deep enough for Ethereum (ETH).