Today news
About the same in other media
Here's why Ethereum traders could care less about ETH's current weakness
Reading now: 120
Since hitting an all-time high at $4,870 on Nov. 10, Ether (ETH) price has been posting lower lows over the past 50 days. If this downtrend continues, the lower trendline support suggests that the altcoin will bottom at $3,600. Still, derivatives data is signaling that pro traders are not concerned about the seemingly bearish market structure.
Notice how the price peaks are getting lower on the 12-hour time frame as mounting regulatory concerns drive investors away from the sector. In a press conference on Dec. 17, Russia's Central Bank governor, Elvira Nabiullina, stated that banning crypto in the country is "quite doable."
Nabiullina cited crypto's frequent use for illegal operations and significant risks for retail investors. Russian
Read more on cointelegraph.comAbout this in other media
Ether drops below $3,800, but traders are unwilling to short at current levels cointelegraph.com /2 years ago
Queen Elizabeth II to skip Christmas trip amid Omicron surge euronews.com /2 years ago
JD Wetherspoon area managers join board of directors for first time theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
