It is not the weekend most cryptocurrency users have been looking for. An ongoing wave of bearish pressure has caused major setbacks over the past few hours with no improvements in sight. Even the Ethereum price is stuck in the red, following another pretty steep loss. How all of this will affect the markets in the long run, remains somewhat unclear for now.
When the value of Bitcoin goes in the red, virtually all other markets will follow in quick succession. Keeping that unwritten rule in mind, it is only normal the Ethereum value cannot sustain its current level for very long. Following further losses in USD and BTC value, the future for this token remains somewhat questionable. Combined with the Constantinople fork delay, this can turn into very ugly price momentum fairly quickly.