If one thing can be certain this week, it is that Ethereum (available on Coinbase) rebounds well. Ethereum (available on Coinbase) (ETH) price continues gaining momentum despite the broader selloff in cryptocurrency prices. After declining sharply in the beginning of this year and making sideways movement during the second half of January, ETHer price now continues to trade above the $1,000 mark. 

source Image: coinmarketcap.com

Currently trading at around $1103 (almost equal to the Wednesday trade), the price is up significantly in comparison to last months low of $811. Ethereum (available on Coinbase) is growing again while other cryptocurrencies are declining at a hefty pace; Bitcoin (available on Coinbase) (BTC) and Ripple (available on Binance) (XRP) have hit their lowest levels of this year during Thursday trading.

So Why is Ethereum (available on Coinbase) Stable?

Several analysts and rating agencies place Ethereum (available on Coinbase) at the top of the cryptocurrency list. According to reports, several factors are considered, including technological innovation, risk, and other fundamentals, while Bitcoin (available on Coinbase) and Ripple (available on Binance) are placed in second and third respectively.