Today news
About the same in other media
What’s contributing to Ethereum’s short-term price action, is it tied to Bitcoin
Reading now: 489
As Bitcoin took a dip under the $61K zone, Ethereum too couldn’t hold its ground strong for long. On the daily time frame, ETH traded at $4,177, noting an 11.54% daily price fall and 13.10% price loss on the weekly.
So, soon after Ethereum saw its highest weekly closing price of $4643 (vs USD on Binance) how did the top coin tumble? Well, the signs of a short-term bearish price turnover could be spotted before the price slumped.
Firstly, Ethereum was observing considerable consolidation after making an ATH of $4868 on 10 November. As the price candles on the daily chart closed in red for almost a week, ETH’s supply on exchanges also witnessed some sudden moves.
On 14 November, just a couple of days before the over 10% losses struck the top
Read more on ambcrypto.comAbout this in other media
XRP prices suppressed due to SEC lawsuit, strong fundamentals driving interest ambcrypto.com /3 years ago
How are stablecoins Tether, USDC influencing Bitcoin’s price movements ambcrypto.com /3 years ago
What will highly active Bitcoin whales, stir up for the king coin over the next week ambcrypto.com /3 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.
