A bit of an uneasy situation remains present in the cryptocurrency world as of right now. The Bitcoin price momentum appears to be running out of steam, and it is directly affecting most of the altcoins. It seems today will be another tough day for the Ethereum price, as remaining above $ 300 has proven to be an impossible task as of late.
Ethereum Price Struggle Remains in Place
There is no real reason for the Ethereum price to go through an extended period of bearish pressure. Especially now that the value of Bitcoin has risen again, one would expect the world’s second-biggest cryptocurrency by market cap to see similar momentum. Unfortunately, that is not how the cryptocurrency industry works these days, as the Ethereum price has suffered from numerous setbacks in recent weeks.