Ethereum Price in Precarious Situation, Pullback Likely; Here’s Why

After months of lull, Ethereum (ETH) has entered the consciousness of crypto traders once again, finding its legs for really the first time this year. Since hitting $170 in early-September, the cryptocurrency has rocketed higher to peak at $225, to then recede to its short-term support at $215 where ETH is trading at today. Related Reading: Analyst: Bakkt Launch to Improve Trustworthiness of Crypto Markets This strong upward price action, which comes as Bitcoin has effectively flatlined, hasn’t gone unnoticed. You see, a defined uptrend in Ethereum, according to analysts,…

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Bitcoin Price Remains Uninspired at $10,200, Altcoins Go Into Red

Friday, Sept. 20 — The price of Bitcoin (BTC) remains largely uninspired and is once again trading sideways around the $10,200 price mark. Market visualization. Source: Coin360 Although BTC is back at trading sideways, Fundstrat Global Advisors co-founder Tom Lee expects this to change with the coming launch of Bakkt and is positive on its ability “to improve trust with institutions to crypto.” The world’s largest cryptocurrency continues to trade flat, with an intraday high of around $10,280, while slowly trading downward to its current trading price of $10,147, showing…

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