RATE Group | Ethereum Completes Istanbul Hard Fork, but Buyers Aren’t Too Excited
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Ethereum Completes Istanbul Hard Fork, but Buyers Aren’t Too Excited

08 Dec Ethereum Completes Istanbul Hard Fork, but Buyers Aren’t Too Excited

Posted at 23:53h in Cryptocurrency News by

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Ethereum’s price action has been closely correlated to Bitcoin’s over the past several weeks, leading ETH’s price to dip into the lower-$150 region, which is where it has been able to find some levels of support.

Ethereum’s much-anticipated Istanbul hard fork has come about concurrently with ETH’s ongoing downtrend, and it appears that investors are not too enthused with this latest development, as sellers remain firmly in control of the cryptocurrency.

Ethereum Struggles to Gain Upwards Momentum Despite Istanbul Hard Fork 

At the time of writing, Ethereum is trading up over 1% at its current price of $151, which marks a slight climb from its recent lows of $146 that were visited on multiple occasions over the past week.

It is important to note that Ethereum did face some resistance at $152, which appears to be a strong level of resistance for the cryptocurrency. It is important to note that ETH has incurred some upwards momentum today as Bitcoin begins moving towards its…

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