Ether Below $2,300: Twice as Weak as Bitcoin

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Ether lost 4.38 percent over 24 hours to $2,297.96, Bitcoin only 2.41 percent. What lies behind the gap, which levels count now, and what matters for leverage, the holding period and the October 30 expiry.Ether trades at $2,297.96, down 4.38 percent from where it stood 24 hours earlier. Bitcoin lost 2.41 percent over the same period, to $79,543. The second-largest cryptocurrency is falling almost twice as fast as the largest, and in doing so it has slipped below the $2,300 mark that traders have treated as a floor for weeks. For investors, the gap between the two moves matters more than either percentage on its own. It decides whether you are looking at a broad market decline or at weakness that mainly concerns Ether. This article sets out where things stand, names the levels below and above, and says what counts right now for leveraged positions, for the German holding period and for the October 30 expiry. Ether at $2,297: a 4.38 percent loss against 2.41 percent for Bitcoin Th...