Ethereum Price Heads to $150 as Markets get Battered

Although it has been a very brutal year for all cryptocurrencies, the pain is far from over. At this time, it seems the Ethereum price is bound to head below $150 and potentially a lot lower in the coming hours. This most recent price setback does not bode well for the future of this project, even though all cryptocurrencies are under a lot of pressure right now.

Update 11/20 2:06AM GMT: Unfortunately Ethereum’s price has dipped below the $150 range, dropping over 13% in the past 24 hours.
Ethereum Price Outlook Grows Bleak

No cryptocurrency or digital asset can stand up to the market onslaught currently taking place. All major markets are getting crushed under the bearish pressure. Bitcoin is, once again, dragging all currencies with it, which is how things usually evolve during these trying times. For Ethereum, the outlook is very bleak at best, as it may not remain above $150 for much longer.

In the past few hours, the Ethereum price dropped by 10.6% in USD value and 6.2% in BTC value. It is expected the deficit over Bitcoin will continue to grow, which drags down the USD value accordingly. If this trend keeps up for a few more hours, there is no reason to think ETH will remain above $150 for very long. Dropping below that threshold would be extremely worrisome, as such a value has not been recorded for over a year.

Looking across social media, it appears there is a genuine concern for Ethereum moving forward. Artificial intelligence Investor is somewhat gloating, as he expects the gap between XRP and ETH to grow larger. One has to keep in mind XRP is also bleeding value right now, although Ethereum is definitely getting the worst of it. XRP overtook Ethereum in market cap well ahead of this latest dip, yet the difference will only become more apparent moving forward.
Read more then
https://nulltx.com/ethereum-price-heads-to-150-as-markets-get-battered/amp/

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