Read Source Article Ethereum Price: Dip Below $485 Spells Worrisome Short-term Outlook

After another massive setback for all cryptocurrency markets, it will be interesting to see how Bitcoin and the altcoins evolve in the future. The Ethereum price is taking a massive beating as of right now, as it has dropped below $485 once again. This is not the trend cryptocurrency users are looking for, but there is very little to be done about this bearish pressure unless something drastically changes.

Ethereum Price Pressure Intensifies

Over the past few weeks, there has been an increasing amount of bearish pressure across all cryptocurrency markets. As such, there has been another major decline over the past 24 hours, and it appears the situation will not change for the better anytime soon. If the Ethereum price is any indication, there will be plenty of setbacks in the coming days and weeks for all cryptocurrencies, including Ethereum.

Over the past 24 hours, the Ethereum price has effectively declined by another 10.04%. While a setback was inevitable as soon as the Bitcoin price began to slip, such a spectacular decline was not necessarily what people had expected at first. Instead, it seems a 5% setback seems more normal at this stage, albeit things often turn

Categories:   Crypto Currency Portal

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