Ethereum price corrects 20% as Bitcoin sells off

ETH/USD rose to highs of $1,352 before sell-off pressure pushed it to a major support level at $1,000

Ethereum (ETH) corrected to the $1,000 support level, losing the upside momentum that had brought bulls so close to a new all-time high. Before correcting, ETH/USD had surged by about 89% since 2 January, reaching highs of $1,352 on BitStamp.

ETH price currently hovers around $1,085 on most exchanges. As seen on CoinMarketCap, the second-largest cryptocurrency by market cap is down nearly…


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