Ethereum is still below $2000, and at some point it was expected that the price of this coin would test 2000 US dollars; however, the market has reversed its movement, and because of that, now the price is even further down, which is below 1900 US dollars. While many other coins are still falling, and I really don't know what is going on because I don't see any big news happening in the market, coins are still losing their value, where it was anticipated that things would improve, and specifically if I talk about Steem Coin, it's less than $0.04 now. Since this blog is primarily for the Ethereum coin and discussion about it, let's continue to go ahead with that only.
Last week I talked about Ethereum, and its price was looking solid, with reaching the $2000 price mark not being a big deal; however, now things have gone down, and it looks like it is not going to happen soon. And honestly, I'm not able to figure out any specific news that explains why it is happening. Crypto is a risky market that we have to understand because if I talk about the historical performance of Bitcoin, when it was at 19,000 US dollars, it tested the price of less than $4000 at some point in 2000.
While Ethereum and Bitcoin are still doing great, some coins have shown negative sentiments, so we don't know how much time it will take for those coins to recover and whatever recovery happens, is it going to be good enough as a comparison to what we have seen in terms of growth in the market? Let's continue to see how it goes and what sort of market movement we come across in the coming days and weeks.
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0.000 SRY
