ETH is also under pressure.
The situation is as follows:
- $280 support zone remains for now. If the price fixates lower, it will be a strong pattern, that is characteristic of a downtrend formation.
- In comparison to Bitcoin, Ethereum is in anticipation of good news. This can be a strong limiting factor despite the general downfall.
- The number of Ethereum ICOs is still growing and this is a good indicator.
News and constant development can be a good deterrent in case of the market downfall, and a strong multiplicator in case of possible growth. Ethereum has a high potential of being strong on the last days of September.