Over news of the network’s Constantinople hard fork coming in January next year, the coin has had a run fueled by positive sentiment, even gaining as much as 10% at the peak of its hike. The coin itself has had a tough week, as it began trading at $111, observing a sharp hike up to the $120. It traded around that mark for a day before beginnings its decline.
Ether began sliding to $117 mark after a drop, and continued its trading there before another drop on December 3 to $113, followed by another drop to $108 on the same day. Still reeling from the bear’s consecutive attacks, the coin recovered to the $111-mark and slowly declined to below it to trade at $108 on December 5.
One of its highly-held support lines at the $100 mark was tested on 6th December, with Ether recovering to trade at around $103 on December 6. On the very same day, the coin went below $100. The price came to rest at around $96 on 6th December, with the coin observing a catastrophic downfall the next day. It dropped well below $90 to a yearly low of $83.
It attempted a recovery to $87 but failed, and tested the $83 level once again before hiking sharply to $95 and trading there.
A further upwards momentum was formed as the coin is trading at $92 currently, with a market cap of $9.5 billion and a trading volume of $2.2 billion. The markets for the coin include the OEX market with ETH/BTC trading pair, which has over 6.8% of the trading volume $159 million, EXX with ETH/USDT pair with 4.7% of trading volume with a volume of $111 million, and OKEx with ETH/USDT pair with 4.5% of trading volume of $105 million.
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