- ETH/USD struggles to recover above $200 amid weak momentum.
- Ethereum’s creator makes fun out of Roubini’s stance as a financial guru.
Ethereum, the second largest coin by market value, hit the lowest level since September 18 at $186 amid global cryptocurrency collapse that took the total cryptocurrency market capitalization below $200B. ETH/USD is changing hands at $195.07, down nearly 7% in recent 24 hours. Ethereum’s current market value is $19.7B, while the average daily trading volume is registered at $1.9B.
Buterin vs. Roubini, a new round
Ethereum’s creator Vitalik Buterin dropped another bombshell, predicting the next financial crisis.
“I officially predict a financial crisis sometime between now and 2021. Not because I have any special knowledge or even actually think that but so that I can have a ~25% (or whatever) chance of later being publicly acclaimed as “a guru who predicted the last financial crisis”, he wrote in his Twitter account.
While this forecast triggered a lot of discussions in comments, it does look like a mockery of Nouriel Roubini, known as a man who foresaw a financial collapse of 2008-2011. Roubini recently accused him of being a scammer and a criminal who stole ¾ of all available Ethereum coins.
Ethereum’s technical picture
ETH/USD needs to return above $200 handle to get a chance for an extended recovery towards $220 (38.2% Fibo retracement monthly) and $227-$232 congestion zone.
On the downside, a sustainable movement below $190 will open up the way towards Thursday’s low of $186 with very little in terms of supports below current price level.
ETH/USD, 1-hour chart
-636749161149251243.png)
Share
