Home Technical Analysis Will Ethereum (ETH) Be Able to Get Even in The Ongoing Bearish...

Will Ethereum (ETH) Be Able to Get Even in The Ongoing Bearish Pressure?

Ethereum prices had seen a lot of price fluctuations since the beginning of the year. With the advent of the bears in July, the situation worsened, and the price of ETH coin went on a continual downhill.

The past 7 days price movements show a mixed price trend with lot of upward and downward price variations. The ETH price has been trading in the range between $178 – $187.

Ethereum Price Analysis

ETH price has been a case of a mixed bag over the past seven days. The coin was at $184.6370 on November 13. On the same day, the price showed an upward variation of 1.50%, and the price reached $187.3461.

On November 14, the price went down to $183.3028; the fall is to the tune of 2.16%. There was a slight upward movement for Ethereum price on November 15 when it reached $185.3488. With the bear pressure looming large over the crypto market, the ETH price fell to $178.8742 on the same day.

After this, the price started showing upward momentum and managed to get back to $182.9559 on November 16 at 2.14%. With minor hiccups continuing, the ETH price again fell to the extent of 1.25% at $180.547 on November 17. Ethereum price is trying hard for recovery, and the price rallied to $185.38857 on the same, rise being 2.68%.

Ethereum Price Chart

 Analysts expect ETH, with its unique feature, to bounce back and show a stable upward momentum soon. Investors should continue to hold on to their current investments from a long-term perspective. Short-term and day traders can make quick gains if they time their investments properly, even in the current crypto market volatility.

David Pender
David Pender
David is a journalist interested in writing news-stories regarding forex. He has been in forex industry since 2014. he recently, joined our team as a news writer. He studied mass communication and has 7+ years of experience. He is an avid trader. He can be reached by email: david@forexnews.world.

Must Read

Maruti Suzuki Partners with Federal Bank for Retail Car Financing and Dealer Loans

India’s biggest car manufacturer Maruti Suzuki has got into a partnership with private lender Federal Bank to provide dealer loans and retail car loan...

AIR WALLET and Sangseung’s Standing Foundation Signs MoU to Catalyze the Use of Cryptocurrencies

AIR WALLET, the world’s first digital wallet and multifunctional platform that provides the users to interact with both blockchain and non-blockchain based projects, has...

Tehan Urges Australian Schools to Endorse “Back to Basics” Approach for Education

Dan Tehan, the education minister of Australia, has insisted on the education authorities to endorse the “back-to-basics” approach in their classrooms. After attending a...

HDFC Bank Subsidiary HDB Financial to Raise $300M in Overseas Loan

Indian bank HDFC Bank’s subsidiary HDB Financial is raising $300 million in overseas loans. It is going to be the unit’s first-ever syndicated overseas...

Russia and OPEC Get Ready to Finalize Further Oil Production Cuts

Members of The Organization of the Petroleum Exporting Countries (OPEC) and those outside it are meeting in Vienna, Austria, today to finalize further cuts...