Dips Ethereum Under $ 100 for the first time this year, ETH Doomed?

Once the second largest cryptocurrency in the world, now sitting in third place, just behind a perceived threat and rival Ripple XRP. For the first time this year, Ethereum has lost its momentum and has moved below the $ 100 threshold and now hangs at a trading price of $ 97 at the time of writing.

Currently, the cryptocurrency market has all the first six tokens flashing in red from the last 12 hours. In the event of a loss, Ethereum lost 8.63% and is now struggling to stay on the $ 90 margin, a move that may be impossible to keep if the token continues to depreciate.

On December 5, the Ethereum showed bear signs when the token had closed for $ 102.48 after raising an opening price of $ 110.34. The Ethereum was traded at a daily historical maximum of $ 110.60, not very far from its opening price. The big hit started when the token hit a daily minimum of $ 102.48, as usual, one would expect a shot but never came. Instead, the token closed at the same price and has since dropped twice to the $ 90 level.

Even Bitcoin has fallen by 5.52% from today, it seems that the big bull is yielding to downward trends and will have to build a higher trading volume to return to a value of $ 4000. At the time of writing this article, Bitcoin it is trading at a price of $ 3667.75 while market capitalization is $ 63.85 billion.

Meanwhile, Tether and Bitcoin Satoshi's vision started flashing in green lights with decent earnings. Although the tether increased by just 0.47%, Bitcoin Satoshi Vision moved even higher with gains of up to 16.57% and a trading price of $ 105.47, the growth is quite impressive, seen that the token was at $ 90 for last week. The breakout was very unexpected, especially because yesterday the vision of Bitcoin Satoshi had been trading at $ 86.31.