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If there is still nothing to describe precisely the phrase "change is constant", one day in the world of cryptocurrency is certain to change the narrative. The market is known for its volatility, which is never static; the market goes up and down in seconds, leaving traders with daily specs. For Ethereum, which has yet to make a comeback, one can only credit the management token to maintain its trading price, despite the difficult trading volume movements.
The current price of the Ethereum comes as a possible peak in the trading price. A token is expected to gain momentum and stabilize before it can make any real gain, and while the Ethereum has managed to maintain a trading price in the $ 100 level, can the token move further? One thing is that a token is stabilized in the trading price, but another thing is that a token increases in price after stability. However, Ethereum has yet to reach this goal, making it even more difficult to assume directions.
In mid-November, the Ethereum has lost its place as the second largest cryptocurrency in the world for a long-time rival XRP. While the traders of Ethereum expected a quick return as before, the comeback never came. In reality, the trading price rose from $ 200 to $ 100 and since then has not drawn any further. Even the trading volume of Ethereum has stumbled a lot.
Just to say that traders are abandoning the chip for Ripple? Remember Ran NeuNer from CBNC invited users to concentrate all investments in Ripple? Well, as the trade volume of Ripple continues to swell, Ethereum rose from $ 1.1 billion in trading volume to $ 1.89 billion.
It could be concluded that Ethereum remained stagnant compared to the rival tokens, which is exactly the case, but if the token managed to survive the bear market with the trading price stabilizing at a level of $ 100, it is likely that Ethereum represents one of the biggest threats in 2019 and maybe give Ripple a run for his money. At present, the Ethereum trades at $ 107.87, with stability in movement, the token can rise up to $ 110 in resistance over the next 24 hours.
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