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Regulatory fears put a damper on Ethereum traders’ $5,000 target
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This week Ether (ETH) price came within 2% of its all-time high, and on Dec. 2 the altcoin reached its highest price in Bitcoin (BTC) terms since May 2018. Ether hitting 0.0835 in its BTC pair represents a 229% gain for 2021, but Ether bulls might come out empty-handed from this Friday’s $680 million options expiry.
Notice the ascending channel formation initiated in mid-October, which likely reflects the network’s $177 billion total value locked in smart contracts (TVL). Moreover, Ether's ETH 2.0 beacon chain balance reached an 8.45 million high, which is a 4.5% increase in November.
Last week, four Ethereum blockchain-based metaverse projects generated more than $100 million worth of virtual land in nonfungible token (NFT) sales last week,
Read more on cointelegraph.comAbout this in other media
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Aussie Regulatory Body Backs Government’s Plan to Regulate Crypto cryptonews.com /2 years ago
Crypto exchanges look at consolidation amid government's regulatory concerns economictimes.indiatimes.com /2 years ago
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