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Ether is gaining momentum

The exchange rate "ether-US dollar" (ETH / USD) can expect to return part of its past momentum.

10.Oct.17 1:55 PM
By Daria Zaytseva


Ether is gaining momentum

For a long time, the Ether keeps at a psychological level of $ 300 against the backdrop of a low volume of trades. At the time of printing, ETH is trading in a sideways round the level of $ 304. Week-on-week, the cryptocurrency has grown by 4.12 percent, while on a monthly basis, there was a 2 percent loss in the market as a whole.

Despite trading in and around that range, there have been noticeable fluctuations in the market in recent weeks. Relevant repression against China and South Korea under the ICO financing model had an impact, and prices fell to a low of $ 198 on September 15. The markets returned to their positions a few days later.

Nevertheless, the price of cryptocurrency is lagging behind the price of bitcoin, which is only 4.8percent less than the record level of the market. Meanwhile, ether still remains at least 30 percent of the record level of $ 400, set in early September.

Nevertheless, speculation abounds in fears of additional ICO restrictions from other regulatory bodies that hold ether bulls in fear. This theory may be evident from the low volumes observed in ETH trading pairs.

Still, all is not lost, as the analysis of price actions indicates a bullish continuation pattern.

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