It’s https://www.investdiva.com/ ‘s Kiana with News BTC and here is your cryptocurrency update. Ethereum, along with its buddies, Bitcoin, Litecoin and other major cryptocurrencies had a bad Tuesday as they all revisited their respective key support levels from January’s bloodbath. Besides market sentiment, there are several things going on in the cryptocurrency market that seem to be adding to investor fears. For example, on Tuesday, the SEC announced that it would be freezing the assets of Dallas-based AriseBank, and would be stopping its ICO. Also on Tuesday, Facebook announced that it would be banning all advertising related to cryptocurrencies. The overall stock market correction hasn’t helped the sentiment either. However, there are still some positive things to look into, especially for Ethereum. Last week, a cryptocurrency rating agency released a report that assigned grades to dozens of cryptocurrencies based on a number of metrics, like risk, technological innovation, and other fundamentals. In that report, Ethereum received a higher grade than Bitcoin and Ripple. On the daily chart, ETH/USD is approaching the key pivot level of $990 while remaining above the Ichimoku cloud. The next support level is at 50% Fibonacci retracement level of 856. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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