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The year 2018 continues to drive, but the overall momentum has not moved in the slightest. During this weekend, there will be no significant uptrend from the aspect of things. While some things looked promising for Ethereum a few hours ago, losses are accumulating once again. As such, a further decline to $ 85 for the second time in so many days is very likely.
The price of Ethereum continues to decline
Not too many people will be surprised to see again the value of Ethereum precipitate. Although there has been some marginal improvement in the early morning hours, the positivity has now evaporated once again. A net gain was again in the standings today, but it turned into a rather heavy net loss across the board. Therefore, the price of Ethereum will not necessarily find support at the $ 85 level in the coming days and weeks.
In the last 24 hours, Ethereum has experienced a sharp 5% decline in the BTC value sector. There is also a 5.5% decline in value in USD, which slowly pushes the value of altcoin towards the $ 85 mark. This has been an interesting price level for Ethereum in the last days and it will be interesting to see how will continue to play an important role in moving forward.
Observing the activity on social media related to Ethereum, there is still a cautious optimism. The next hard fork, currently scheduled to take effect in January, will offer some much needed improvements to the ecosystem. Also, there are still many developers who focus their attention on Ethereum right now, as these people do not care about price movements in the slightest.
#ETH it's down more than 13x from ATH and has the largest community of developers around the entire cryptographic sphere.
Even the great update of Constantinople will come soon.– Cryptociraptor (@cryptociraptor) December 8, 2018
Furthermore, many people see this low price of Ethereum as an excellent investment opportunity. It is certainly true that all markets will return at the end. However, what price they will reach before this happens is a completely different matter. There is no fixed fund for ETH at this time, and a further decline is very likely at this point.
#ETH fell below $ 100 …. I HIGHLY suggest investing #AS SOON AS POSSIBLE. I'm really excited to see how #HardFork enters (immediately) in mid-January. #crypto
– Clay Hughes (CHaCo!) (@Clayhughesmusic) December 8, 2018
There is a particular aspect in which more people should be worried. Ethereum has witnessed a significant decline in total erosion, which may present many different challenges in the future. Cruxpool wants to ensure that miners can still receive payments by lowering the payment threshold. An intelligent choice, under current circumstances, although it remains to be seen whether other mining pools follow this example.
Concerned for miners with low hahrrat, @Cruxpool he is one of the only ones #Ethereum mining pool to set the minimum payment threshold at 0.01 #ETH
Home #extraction on https://t.co/BZlgsfUwgD#cryptocurrency #miningpool pic.twitter.com/CtAgiagPmd
– Cruxpool (@cruxpool) December 8, 2018
Based on all these circumstances, it is clear that the price of Ethereum will not be very successful in the near future. Losses accumulate and there is no reason to expect anything else at this stage. Therefore, the next days and weeks will be crucial for the future of this altcoin, even if it is not clear how exactly the situation will evolve.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
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