A lot of things happen in the cryptocurrency world every single week. Most of those developments gain some form of traction, whereas most traders and speculators tend to ignore everything else. In the case of Ethereum, its hard fork seemingly went off without a hitch. However, it has not affected the Ethereum price in a positive manner, as a drop to $125 looms ahead.
Ethereum Price is Struggling for Traction
When Bitcoin loses value out of the blue, the other markets will mimic that momentum for at least a few hours. Even the giants like Ethereum will lose value simply because Bitcoin is slipping. This has been a very awkward and annoying correlation between all currencies, although it seems unlikely any major changes should be expected in the near future. Even today, it seems the bearish momentum will dominate all markets with relative ease.
Just by looking at the current Ethereum price, one can see things are not heading in the right direction. A 5% drop in USD value is not the best way to start off a new week. Because of…