RATE Group | Ethereum Price: Battle for $470 is in Full Effect
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Ethereum Price: Battle for $470 is in Full Effect

24 Jul Ethereum Price: Battle for $470 is in Full Effect

Posted at 13:15h in Ethereum News by

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The rather uneasy situation across all cryptocurrency markets continues unabated. With Bitcoin still soaring, altcoins continue to struggle for any real momentum at this stage. The Ethereum price has finally found some support and is slowly bouncing back after a few rough days. Successfully maintaining the $470 price level will not be easy.

Ethereum Price Attempts to Stabilize

All altcoins are going through a very rough period as of right now. One would expect the increasing Bitcoin price to result in favorable altcoin momentum. While that has been the case on a regular basis in the past, things are very different during this bull run. It is not the first time Bitcoin’s value rises and altcoins struggle to keep up with this trend.

In the case of the Ethereum price, the past few days have been relatively interesting. Although the price momentum hasn’t been all too positive, it is a matter of time until the situation turns around in favor of alternative currencies. For…

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