Ethereum tumbles 7% right after new all-time highs: Are ETH bulls in trouble? – Cointelegraph

Ethereum tumbles 7% right after new all-time highs: Are ETH bulls in trouble? – Cointelegraph

The price of Ether (ETH), the native cryptocurrency of Ethereum, fell sharply as Bitcoin (BTC) corrected overnight on Jan. 20.

Bitcoin price slid to as low as $34,000 on Binance, recording a 10% drop since yesterday’s peak.

Bitcoin price chart with key levels. Source: TradingView.com, TraderXO

Why did Ether price drop particularly hard?

Ether has outperformed Bitcoin so far in January, as Cointelegraph previously reported. As Bitcoin started to consolidate with low volume, the demand for…


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