On Jan. 4, Ether (ETH) price rallied to $1,160, which was followed by a 24% correction within the following four hours.
What is clear is that investors are anxiously awaiting the CME’s ETH futures launch, which is scheduled for Feb. 8. Another factor driving the current rally is that Ether miners’ balances reached a two-year low, a scenario that some analysts view as bullish.
The phenomenal growth of total value locked in decentralized finance projects has also played a part, especially…
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