The crypto-market is volatile, and there are constant fluctuations in the prices of the coins. Ethereum (ETH) price has taken a plunge down the three hundred dollars ($300) mark and it is indeed an issue for our mining industry and the investors alike but good news follows bad, at least in this case.
The ETH/USD has increased in price by four percent (4%) as analyzed by the past 24-hour performance of the pair.
This coin can easily reach two hundred and fifty dollars ($250) or even higher than this level. However, not all good things are that easy, to begin with, in the first place.
The RSI indicates the bearish signals and less trading volume as compared to previous values. Currently, ETH is trading slightly above two hundred and fifty-nine dollars ($259.05).
Talking about the volatility in the cryptocurrency market, only yesterday was a good day for Litecoin as it was the only coin that surged, all other coins had faced bearish trends.
However, today the situation is totally opposite, the Litecoin has dropped by three percent (3%) and the Binance Coin has increased by six percent (6%). Overall, the bulls have caused the market capitalization to increase by two hundred and sixty-one billion dollars ($261).
The signals may be bearish for Ethereum price for now but the coin has turned a new leaf more than once and it can get back to over three hundred dollars ($300) if the coin can break the current bearish rally.