After a few days of strong gains, Ethereum prices seem to be undergoing a small adjustment as expected. All top currencies are struggling this Sunday, so it is not entirely unrealistic to see a similar fate in Ethereum prices. Although this decline is relatively small, it will be interesting to see traders reacting in the next few days.
No financial assets can rise for a long time without suffering setbacks. In the case of Ethereum prices, this small correction is fully expected. After a large recovery in the value of the loss, this slight reversal is healthy for the entire ecosystem. Profit taking is normal in this industry, especially in the days when there is no influx of new funds.
This small decline will push the Ethereum price back to the level of $218. This is still more advantageous than the level of less than $190 a few days ago. If Eth coin can stay above $215, you may see further gains in the next few days and weeks.
One must remember that there are several factors that affect the market price of cryptocurrencies. In most cases, the decline in bitcoin coin will drag down all other altcoins accordingly. At the same time, rumors about how ICO quickly clears Ethernet holdings to recover some of the value lost by holding the asset still exists. Whether or not this rumor has any truth, it is always difficult to predict.
Since there is no real ethereum news this weekend, see how the future will become interesting. Although this ecosystem does not require daily updates and radical changes, the release of true long-term potential may require additional effort. With the upcoming hard fork of Constantinople coming into effect this year, Ethereum will take a new step towards scalability and addressing some of its shortcomings.
Looking at the price forecast chart, it seems that many speculators expect prices to fall further. According to AmCRYPTOLIVE, Ethereum prices will rise slowly before $210, and may have risen again before. Ethereum still has some bullish momentum as traders are temporarily reluctant to let prices slip too far.
For all cryptocurrencies, the days ahead will be very interesting. No major price changes are expected, but that doesn't mean nothing will happen. Dog money has shown that world trends can pop up and remain unchanged for a long time. Whether a similar trend will occur in Ethereum prices is impossible to predict. When it comes to cryptocurrencies, everything is possible.