Ethereum is still closely mirroring the price of bitcoin through the bear market and that has seen its price basically stall in the last day in tandem with BTC. ETH’s price is presently resting just above $1,200, and while this would have served as a good bounce-off point for the digital asset, it shows no signs of doing so. Ethereum Price Stuck At $1,200 Given the current market circumstances, Ethereum at $1,200 presents one of the best prices that the market will see for the digital asset before 2022 runs out. The momentum in the market was already on a decline but the 49% jump in Ethereum’s trading volume in the last day put a perhaps temporary stop to that decline. Short-term indicators pointing towards sell points to this being temporary. Now, for the lull in price, it can be explained by ETH’s price sitting so close to the 20-day moving average of $1,247. Since there isn’t much movement in the market, it makes sense that the digital asset would only try to maintain its price at just abo ..
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