Ethereum Overtakes Ripple Ranked 2nd Place on Coinmarketcap

Ethereum (ETH) has taken back its position of 2nd place on Coinmarketcap. There are two main reasons for this. Firstly, the crypto asset had been oversold, according to the Relative Strength Index (RSI) in November 2018, dropping to approximately $80 from $220.

Ethereum Chart with Retail Strength Index (RSI)

Secondly, Ethereum are looking to execute its Constantinople Fork this month in Janurary 2019. This will reduce the number of block rewards from 3 to 2. This will therefore, reduce the supply of Ethereum (ETH), by decreasing the amount generated by miners. This result is expected to increase the Ethereum (ETH) price.

See more information and analysis on Ethereum (ETH) here: https://bitfudge.com/ethereum/

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