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Ethereum hits a new all-time high as CME futures go live: Why is ETH price rallying?
The price of Ether (ETH), the native cryptocurrency of Ethereum, achieved a new all-time high on Feb. 9, 2021. On Binance, ETH rallied to as high as $1,830 merely hours after it started to trade on CME. Why is ETH rallying after the CME listing of any importance? The timing of the ETH rally to a new record-high is noteworthy because of the negative sentiment around it prior to the listing. In December 2017, CME listed the Bitcoin futures contract for the first time. Within weeks, the price of Bitcoin crashed from $20,000 to around $6,000. Many traders and analysts were expecting ETH to fall in a similar manner to BTC ... (full story)
