Ethereum may be vulnerable to new losses. ETH/USD is relatively safe as long as it stays above $500. ETH/USD $533 on Tuesday, before Bithumb news broke. Since that time the second largest coin lost about 2% of its value to trade at $520 with a bearish bias. Ethereum’s market capitalization is registered at $52.3B and average trading volumes $1.7B, $200M higher from Tuesday. The woes of the South Korean cryptocurrency exchange are likely to affect all coins as it is another confirmation that digital assets are not as safe and secure as they are touted. “Another day, another hack. Hopefully, Bitthumb is able to cover this amount, though $30MM is not a small amount. As I’ve said many times, be smart and only keep on exchange coins that you are actively trading. It’s best to withdraw right after trading,” Charlie Lee, Litecoin founder wrote in his Twitter account Ethereum technical picture The short-term picture looks supportive as long as ETH/USD stays above $500. Failed attempt at $530 handle signals that the recovery is running out of steam, but bears need to take the coin below the said support to trigger more pronounced sell-off with the first aim at $485. This is not going to be an easy task, as all hourly MAs are clustered on approach to $500, creating strong support area. ETH/USD, the hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY bid, but below 200-day MA, Chinese stocks report losses FX Street 4 years Ethereum may be vulnerable to new losses. ETH/USD is relatively safe as long as it stays above $500. ETH/USD $533 on Tuesday, before Bithumb news broke. Since that time the second largest coin lost about 2% of its value to trade at $520 with a bearish bias. Ethereum's market capitalization is registered at $52.3B and average trading volumes $1.7B, $200M higher from Tuesday. The woes of the South Korean cryptocurrency exchange are likely to affect all coins as it is another confirmation that digital assets are not as safe and secure as they are touted. "Another day, another hack.… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
