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Ethereum (ETH) Price Briefly Rose Above $200, Bears Still Circling

Published 05/13/2019, 06:13 AM
Updated 05/13/2019, 07:21 AM
Ethereum (ETH) Price Briefly Rose Above $200, Bears Still Circling
BTC/USD
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ETH/USD
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Ethereum (ETH) managed to break above the $200 level over the weekend, receiving a boost from the Bitcoin (BTC) rally above $7,500. But the achievement was short-lived, as ETH retreated rapidly on Monday, falling to $187.47.

ETH reached a peak this Saturday at $203.47, later getting close to that level with Sunday’s high at $201.88. Volumes on Saturday, when the most active rallies happened, reached above $12 billion’s equivalent in 24 hours, and above $10 billion on Sunday.

The Ethereum project remains a fixture on exchanges, with more than $1 billion’s equivalent of funds flowing in from the BTC markets. Additionally, ETH fuels the price levels for multiple altcoins.

In the past few days, the Ethereum ne...

This article appeared first on Cryptovest

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