Here’s why pro traders barely flinched at today’s 8% Ethereum price drop

On Dec. 17 , Ether (ETH) price rallied to $677, its highest level since May 2018, and it seems the top altcoin’s price was driven by Bitcoin’s (BTC) swift move above $21,000. It’s also possible that the CME’s ETH futures launch announcement also played its part.

Solid fundamentals and positive newsflow also seem to be helping Ether to hold above $640 for the past few days, and despite today’s dump, these fundamentals remain. Eth2 staking surpassed $1 billion in total value locked,…

Source link

About bitcoin

Check Also

Finder’s Ethereum Price Predictions Report

Finder’s Ethereum Price Predictions Report

Ether (ETH) could break US$2,400 in 2023, before ending the year at $2,184 …

Leave a Reply

Your email address will not be published. Required fields are marked *