The largest altcoin Ether (ETH) is trading at $ 2018 on Sunday 20 June. Over the past day, the coin has lost almost 8% in value, the capitalization of ETH has decreased to $ 235 billion.
The dominance of bitcoin after a sharp drop is gradually increasing. Now the share of the largest cryptocurrency on the market exceeds 43%.
Crypterium analysts stressed that the rise in the BTC index is the first sign of capital outflow from altcoins. If this tendency continues in the coming days, the price of ether will fall to $ 1,800.
The company’s report says:
This time, the ETH price fell 6%. The current cryptocurrency chart looks rather weak, especially against the backdrop of the growth of bitcoin. Ether is probably forming a negative trend. If buyers do not keep the cryptocurrency, it is threatened with a rollback to $ 1800.
The position of altcoins and ether, in particular, will become more complicated if the bitcoin dominance index again exceeds 50% in June.
The Santiment team also points to the risks of a deeper correction if ETH does not hold above $ 2,200. In parallel, analysts noted that the weakening of transactional activity in the network provoked a sharp drop in Ethereum fees to $ 3.03.
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