Although it has been a very brutal year for all cryptocurrencies, the pain is far from over. At this time, it seems the Ethereum price is bound to head below $150 and potentially a lot lower in the coming hours. This most recent price setback does not bode well for the future of this project, even though all cryptocurrencies are under a lot of pressure right now.
No cryptocurrency or digital asset can stand up to the market onslaught currently taking place. All major markets are getting crushed under the bearish pressure. Bitcoin is, once again, dragging all currencies with it, which is how things usually evolve during these trying times. For Ethereum, the outlook is very bleak at best, as it may not remain above $150 for much longer.