Today news
About the same in other media
The odds of Ethereum hitting $11K by the end of 2021 are…
Reading now: 809
There is huge anticipation around Ethereum’s price action. On 10 November, the altcoin registered a new all-time high of $4,878 on the charts. Alas, a correction followed thereafter. And, it gave investors a subtle hint of what to expect from future price actions.
Investment strategist Raoul Pal shared a chart yesterday, one that underlined how Ethereum’s current price movement is imitating Bitcoin’s 2017 price action closely.
Ethereum imitating Bitcoin | Source: Raoul Pal
Consider this – Bitcoin recorded a major rally in December 2017, one which took the king coin from $6k all the way up to $19k in a month and a half. This period of appreciation saw the crypto hike by 236% on the charts.
Bitcoin price action in 2017 | Source: TradingView –
Read more on ambcrypto.comAbout this in other media
Work doesn’t need to a be a finish line you cross at the end of an exhausting week theguardian.com /2 years ago
Cryptocurrencies post record inflows in first 11 months of 2021: CoinShares blockchain.news /2 years ago
Should Ethereum investors really prepare for a ‘$6000’ December ambcrypto.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.
