After being in a consistent uptrend, Ethereum recently registered a downtrend along with several other cryptocurrencies.
After hitting the lowest mark of $911 in mid-June, ETH gained strong upward momentum and even crossed $2,000. This gave hope to investors of brighter days ahead.
Source: CoinMarketCap
However, things took a U-turn on 14 August as a trend reversal kicked in. With a negative 19% 7-day growth, the king of altcoins traded at $16,180 with a market…
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