Ethereum [ETH] towers over the bear with a 6.5% increase ahead of Constantinople hard fork


Ethereum [ETH] has been no stranger to reigns of the bear over the past month, dropping below one of its most crucial support lines of $100 recently and being unable to recover. However, with investor sentiment rallying, the coin has grown its value by over 6.5% in the past 24 hours and has successfully shaken off the bear, at least for the time being.

Over news of the network’s Constantinople hard fork coming in January next year, the coin has had a run fueled by positive sentiment, even gaining as much as 10% at the peak of its hike. The coin itself has had a tough week, as it began trading at $111, observing a sharp hike up to the $120. It traded around that mark for a day before beginnings its decline.

Ether began sliding to $117 mark after a drop, and continued its trading there before another drop on December 3 to $113, followed by another drop to $108 on the same day. Still reeling from the bear’s consecutive attacks, the coin recovered to the $111-mark and slowly…



Read Full Story : AMBCrypto

2018-12-08 07:28:25

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