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

4 Easy Steps to Master the Art of Trading

Newcomers should develop some basic knowledge about the market so that they can be able to take the right step in the right position....

Building Healthy Money Habits in the Trading Profession

Trading has become a global profession in contemporary times. People are becoming more self-conscious about money as the world has fallen due to the...

IOTA Coin – Future and Predictions

Introduction to IOTA Coin IOTA is a dispersed ledger structured to record and implement transactions between machines and devices on the Internet of Things (IoT)...

Super Lottery: NordFX Gives Away 100,000 USD to Traders

The $100,000 Super Lottery was launched by the brokerage company NordFX among its clients on April 1. The name speaks for itself: 100 cash...

Is Zcash Still a Better Option Than Monero and Dash?

Transaction data of most cryptocurrencies like Bitcoin are distributed on a public ledger that anyone can view. It is the rising concern over the...