Ethereum (ETH) has been creating significant sales pressure over the past few weeks, which is the bitcoin it has faced since falling from its maximum of $10,600.
Analysts now point out that Ethereum can be deployed for new losses in the near future, with an analyst setting a target in the region of the top $120. Which may backed by the fact that the fourth quarter of the year historically when ETH sees its greater loss
Ethereum falls 8% while Bitcoin breaks below $7,000
At the time of writing, Ethereum is trading at more than 7% at its current price of $148.70, a large return of its daily maximum of more than $160.
Ethereum has been caught in a firm downtrend as it failed to exceed $190 earlier this month. It’s important to note that it has not been able to reach a significant upward momentum at that time. Since then, it has been rejected at $190, largely due to its close association with Bitcoin.
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