Ethereum risks drop below $3.2K as ETH price faces heavy resistance
![Ethereum risks drop below $3.2K as ETH price faces heavy resistance](https://i-invdn-com.investing.com/news/Ethereum_800x533_L_1556445146.jpg)
Ethereum’s native token Ether (ETH) is at risk of falling below $3,200 in the coming sessions as its rally comes face-to-face with a strong resistance zone.
In detail, the price of Ether swelled by almost 22% on a month-to-date timeframe in the wake of a market-wide price rally. That pushed the second-largest cryptocurrency by market capitalization from under $3,000 to above $3,650 in the first eight days of October, triggering more bullish forecasts.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Ethereum risks drop below $3.2K as ETH price faces heavy resistance