As the cryptocurrency markets continue to truck along, it will be interesting to see what happens over the coming days. Despite some semi-bullish one-hour candle movements, the Ethereum price remains in the red. Retaking the $120 level should not pose any major problems, but it remains to be seen if that is a feasible approach. Especially the ETH/BTC will need to see some positive momentum pretty soon.
Although there is still a long way to go until 2019 comes to a close, this early-year momentum does not instill much confidence. All cryptocurrencies, tokens, and assets remain extremely bearish for no apparent reason. In the case of Ethereum, its value continued to plummet last week, and this week isn’t much better. As such, the current price of $117.42 seems just, yet that may come to change in the near future.