At press time, the world’s second largest cryptocurrency by total market capitalization is trading at a comfortable price point of $207.62— a figure that showcases only a minor -1.3% drop in the value of the premier digital asset over the past 24 hours.
The economic trend being showcased by ETH at the moment seems to signify signs of a financial slide in the near future. While some investor interest seems apparent around the $180-$190 region, the 20-day EMA is proving to be a point of major resistance.
If Ethereum gains market traction in the coming few days, it is highly likely that the currency will break out of its 20-day EMA. However, if a downturn is observed in the current economic state of the ETH/USD pair, Ether will most likely slide below the $192 mark— or even go all the way down to $183.
Ethereum’s dApp Army Boasts of Amazing Innovation
While Google’s Chrome web-browser is currently the most widely used internet surfing tool in the market, a new Ethereum-based browser by the name of “Brave” is already being looked at by many tech-enthusiasts as being a safer, more secure alternative to Chrome.
Courtesy of Shutterstock.com