When looking across the different cryptocurrency markets, it quickly becomes apparent there will be some positive momentum affecting a lot of different markets. The Ethereum price makes for an interesting example in this regard, as it is still going strong without any real setbacks. Sustaining a value of over $170 will be difficult, but one never knows what the coming hours may bring.
Ethereum Price Momentum Remains Intact
In the world of cryptocurrencies, tokens, and assets, it would appear there is a lot of interesting momentum to contend with as of right now.
When the Bitcoin price starts to head south in rather quick succession, it is evident the rest of the markets will follow suit pretty quickly. The Ethereum price, while going through a bit of a run recently, is now facing a fair struggle in terms of maintaining the $170 level. It has become apparent this latest uptrend may have come to an end for now, but that doesn’t mean things will not improve in the near future.
Ethereum Price is Bleeding Value
It is never good to see all of the top crypto markets dip in the red so quickly, but that is how things go in an industry primarily relying on Bitcoin’s momentum.
After what seemed to be a rather rocky start to the new week, the top markets are finally pulling through. Bitcoin is still on wobbly legs, but Ethereum isn’t intent on waiting for things to happen. In fact, the Ethereum price appears to be genuinely bullish right now, as the push to $200 is still going strong.
Ethereum Price Won’t Back Down
It is rather remarkable to see how all of the cryptocurrency markets responded to what appeared to be bearish momentum.
When it comes to determining the validity of any cryptocurrency bull run, there are many different methods to do so. A lot of people claim how no bull market can be established until the “big three’ are all moving up in a decisive manner. So far, it seems as if the Ethereum price is fulfilling that task alongside Bitcoin and XRP. Its gains are not as impressive as some other markets, but the overall trend appears to be in place in a somewhat convincing manner.
Ethereum Price Surge Starts Taking Shape
It is evident all of the top cryptocurrency markets need to move up in quick succession in order to ensure an uptrend is effectively materializing.
Blockchain technology is shaking up the legal industry.
At least that’s according to prominent blockchain industry attorneys, Angela Angelovska-Wilson and Lewis Cohen, who revealed exclusively to CoinDesk Friday that they have started their own law practice focused on the nascent industry.
Called DLx Law LLP, the firm opened its doors this month, with offices in New York and Washington, D.C. Its founders, Angelovska-Wilson, previously general counsel and chief compliance officer at enterprise blockchain startup Digital Asset, and Cohen, a seasoned securities lawyer, aim to run the firm differently than the typical law practice, in a way that aligns better with the culture of the blockchain space.
A lot of eyes are still on the top cryptocurrencies and digital assets ranked by market cap. It would appear none of these markets will budge much unless Bitcoin goes through a major bull run. Even though Ethereum is slated to undergo a big network upgrade soon, most traders are not even excited for it, by the look of things. As such, the value per ETH remains relatively low, but that is to be expected over the weekend.
Ethereum Price Slump Continues
It is always interesting to see how cryptocurrency markets tend to evolve when the going gets tough.
Although it was somewhat to be expected, today isn’t off to a good start for the cryptocurrency markets. Everything has gone in the deep red due to a rather bearish one-hour chart. Sustaining uptrends has proven difficult in this industry for some time now. The Ethereum price knows this all too well, as it has dropped below $140 once again and may continue to drop lower.
Steep Ethereum Price Drop Materializes
After what seemed to be a somewhat promising start to the year 2019, the cryptocurrency markets have come under severe bearish pressure once again.
After enjoying a rather positive wave of momentum it seems the Ethereum price action is stuck in sideways momentum again. Despite a minor gain in USD value, the losses in ETH/BTC are piling up fairly quickly. This has some users concerned, even though it seems no real changes should be expected prior to the upcoming Constantinople hard fork.
Ethereum Price Trend Stalls
A lot of Ethereum enthusiasts are looking forward to the upcoming Constantinople network upgrade.
The top cryptocurrencies ranked by market cap often evolve in rather unusual ways. There has been a strong focus on the Ethereum price as of late, which is only to be expected. Since successfully reclaiming the $2 spot on Coinmarketcap, expectations for the Ethereum price turned bullish again.
Ethereum Price Flashes in the Green
Considering how all of the top cryptocurrencies suffer from bearish pressure right now, one wouldn’t expect Ethereum to note any real gains.
With the New Year almost upon us, the cryptocurrency market doesn’t look all that exciting. The global market cap dropped around $16 billion in the past 24 hours from $146 billion to the current cap of $130 billion. The good news is, while most cryptocurrencies are in the red, the price drops aren’t significant.
Bitcoin, XRP, and Ethereum are down roughly 1-2% which isn’t something to be concerned about. Bitcoin Cash is also taking a bit of a beating dropping almost 4% in the past 24 hours.
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