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Ethirium Course: Market News Analysis, February 5, 2019

As of 5:00 pm Moscow time, on February 5, the ethereum market was estimated at $ 11.3 billion. According to CoinMarketCap, cryptocurrency capitalization volumes have remained almost unchanged since February 2, amid a sharp decline in daytime volatility of the price of etirium.

Today, the weighted average price per ETH coin did not exceed $ 108.00. On the largest cryptotographies ethereum to the US dollar is quoted in the range of $ 107.00-105.00.

CoinMarketCap statistics
CoinMarketCap statistics

Market experts point out the increased likelihood of a short-term price drop for the ETH / USD currency pair. The reason for the decline could be the inability of the bulls to overcome the resistance of sales of ethereum at the level of a weekly pivot of $ 106, which in turn attracts new sellers to the cryptocurrency market.

It is assumed that the demand for a cryptoactive asset will rise sharply in the price range of $ 103.00-102.00, where the bulls have previously shown their interest in the coin.

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