Following another rather bearish week, it is not entirely surprising to see the Ethereum price fall further. Although some users expected the $120 level to be supported, that is not the case after all. As of right now, the main question is whether or not $115 will be reached and breached. It seems the Constantinople fork delay has caused some dismay among investors, but that is only to be expected.
As long as Bitcoin remains in a slump, the rest of the markets will follow its lead by example. That is not entirely abnormal by any means, as most other currencies, tokens, and assets directly derive their current value from Bitcoin. Ethereum is no exception in this regard, even though this token is doing something very different from the world’s leading cryptocurrency. Even so, it cannot escape the grueling bearish trend which keeps all markets in its grip right now.