$ETH lost an important price threshold, and it might face some problems on the market if network activity does not recover
The market's state ahead of New Year's Eve is always sad, and most investors simply avoid trading because of the lack of liquidity on the market and the unclear future of some sections of the market. One way or another, there is some movement on the cryptocurrencyEther's price performance is aggravating investors as the second biggest cryptocurrency loses its foothold above the $1,200 price threshold.
is not far away, and the asset will reach reversal ground in the next few days. If buying power occurs, we will see the retest of the aforementioned price level in the foreseeable future.From a macro perspective, Ethereum is not doing so well as its issuance has been on the rise since the middle of December.
At press time, Ethereum is trading at $1,194 and might crawl back above $1,200 temporarily, but the midterm perspective does not look positive for the second biggest asset on the market yet.Unfortunately, the breakout we mentioned in one of our previous reviews happened, but not in the direction we wanted. The descending triangle's lower border was violated by
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