Why Ethereum price corrected sharply despite today’s Eth2 milestone

The price of Ether (ETH), the native cryptocurrency of Ethereum, plunged harder than Bitcoin (BTC) in the recent pullback. 

After reaching an all-time high on Coinbase, the price of Bitcoin fell steeply by over 9% within several hours. In the same period, Ether corrected by over 11%, following a marketwide pullback.

The deep correction in Ether comes as a surprise because of the Ethereum 2.0 network upgrade launch. On Dec. 1, the Eth2 Beacon Chain released on the mainnet, marking an important…


Source link

About bitcoin

Check Also

Last Chance for a Low-Risk Buying Opportunity Should Be Around the Corner

Two weeks ago, see here, when Ethereum (ETH) was trading at $3580s, I anticipated using …

Leave a Reply

Your email address will not be published.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