As of 17:30 GMT 25 Dec Ethereum market was estimated at $13.3 billion amid the short sales of the cryptocurrency market sank more than $3 billion for 12 hours.
The price of a currency pair ETH/USD has stabilized on a dynamic support level the short term uptrend of $123 and most of the afternoon session is in the range $130-123.
Market experts say that while keeping its position above the level of the price of $120 bulls will retain the potential to display scriptactive of correction and development of its uptrend.
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