A lot of alternative crypto markets are suddenly turning very bearish, which is not a promising sight. All top markets also depict bearish hourly charts, which is only adding more proverbial fuel to the fire. Even the Ethereum price, which recently surpassed $140 again, is facing a fair bit of uninvited pressure.
Ethereum Price Needs Strong Support
It is only normal to see some of the excitement ebb away when the weekend comes around. Yesterday offered a lot of promising momentum, and even today things are not looking all that bad. However, there is also a growing amount of bearish pressure, which is only to be expected. For Ethereum, it is unclear what will come next, although there is nothing to be overly concerned about at this time.
Over the past 24 hours, the net result for Ethereum is still positive. With a 3.14% increase, the Ethereum price sits at $141.84, which is higher than expected. There is also a 1% increase in ETH/BTC, which will be crucial in terms of maintaining these US Dollar gains if Bitcoin were to turn…