Things are not going well for most of the cryptocurrency markets right now. With Bitcoin dragging everything else down with it in quick succession, the losses are piling up fairly quickly. For the Electroneum price, the current momentum is not necessarily all that great. A drop below $0.0055 seemingly looms ahead, which will not please most investors, for obvious reasons.
Although a lot of traders and speculators had high hopes for Electroneum in the first quarter of 2019, it seems most of this excitement has evaporated once again. With the price in the dirt for nearly a week on end now, it seems unlikely any real market reversal needs to be expected. The trading volume for ETN is not moving up either, primarily because of the lack of major exchanges supporting it.