Ethereum has been trying to push itself out of the bearish grip at regular intervals, but the bear pressure gets too much to handle and the ETH price gets pushed in the downward range again. The seven-day price chart shows the price moving in the upper range during the beginning of the week, but with continual bear pressure, the price went below the baseline for the rest of the week, showing the price fluctuations in the range between $140-$151.
Ethereum Price Analysis
ETH coin could not keep up the good upward momentum due to the continual bear pressure, and the price went in the downward range. The price of Ethereum was at $151.7372 on December 08. The price slid to $144.2204 by 4.93% decline on December 10. Still, ETH coin managed a show upward movement and reached $145.9158 on December 11, showing an upswing of 1.22%. Then, the bears continued to create havoc on the Ethereum price and pushed it down to $140.5098 on December 12. The currency continued to fight back and went on an upswing to the extent of 3.48% on the same day and reached $145.3720. But on the next day, the price of ETH coin went down to $143.5167. Today, the coin has shown a marginal recovery at $144.6097.
ETH’s price has been trying hard to maintain upward momentum, but the volatility is still too strong in the crypto market. Experts are, however, positive on the future potential of the coin and its ability to withstand negative crypto market sentiments and expect it to go for an uptrend by early 2020.
Investors may have to wait for some time to see their investments gaining good returns as the crypto market is still under the bearish grip.
