Ethereum’s market bid goodbye to bears as the bulls march in

Ethereum’s market bid goodbye to bears as the bulls march in
(Source: Pixabay)

The boost in the cryptocurrency market on October 26, took the price of Ethereum [ETH] almost 23%. This rise took the price of the coin from $161.99 to $198.97, however, the ETH market corrected itself immediately, as it fell by 12% in the following hours. The second-largest coin noted a crest and trough movement after that and was valued at $183.01, with a market cap of $19.99 billion. The 24-hour trading volume of the coin was reported at $9.81 billion, as it plunged by 1.25% within a day.

Source: CoinStats

Source: ETH/USD on TradingView

Source: ETH/USD on TradingView

Ethereum might have suffered under the bear’s pressure, however, according to the hourly and daily charts, bulls had made their way into the ETH market.