As of 8 November, the market Ethereum is estimated at $22.3 billion, In the last 24 hours the volume of market capitalization ETH decreased by $0.2 billion.
The decline of capitalization, according to analysts more concerned with the fixation of long speculative positions, rather than with the bearish trends in the market.
According to technical analysis of the local uptrend Ethereum is in a corrective phase.
The potential for development of traffic in the upstream direction, the cryptocurrency will remain above the level of a trend reversal with the mark on the price scale, the daily chart of ETH/USD is $206.
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