Ethereum has been closely tracking Bitcoin\u2019s price action over the past several days and weeks, with BTC leading ETH to put some significant distance between its current price levels and recent lows, but the aggregated crypto markets now appear to be at risk of incurring further near-term downside.<\/p>\n
Analysts are now debating whether or not Ethereum\u2019s robust fundamentals will be enough to help propel the cryptocurrency higher, or if it will post further losses as Bitcoin\u2019s recently incurred momentum begins stalling.<\/p>\n
At the time of writing, Ethereum<\/a> is trading down 2% at its current price<\/a> of $152, which marks a notable decline from its daily highs of $157 that were set yesterday when bulls attempted to spark another rally.<\/p>\n In the near-term, ETH has been able to find some support in the lower-$150 region, as it has bounced multiple times this morning after visiting these levels.<\/p>\n It is important to note that Ethereum is currently trading significantly off of its recent lows of $130 that were set during the recent sell-off concurrently with Bitcoin\u2019s downwards movement towards $6,500.<\/p>\n Hsaka, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes Ethereum will drop slightly lower to $150 in the near-term, which could come about as a result of further BTC downside.<\/p>\n \u201cSend $ETH to 150 posthaste,\u201d he concisely noted in a tweet while referencing the chart seen below.<\/p><\/blockquote>\n Send $ETH<\/a> to 150 posthaste. pic.twitter.com\/oNT5BbKylj<\/a><\/p>\n — Hsaka (@HsakaTrades) November 30, 2019<\/a><\/p><\/blockquote>\n\n