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Is the current Ethereum momentum real?
Ethereum and its big brother Bitcoin, have seen one of their most momentous moves since their peaks in November 2021. Various sector wide catalysts worked to move the price down including the collapse of Celsius and FTX which caused shockwaves to the cryptocurrency community. Inflationary pressures also left growth assets reeling in losses, leaving Ethereum beaten down over the last 12 months. However, there are some signs that it might be starting to turn. From a broader economic perspective there is hope that the Federal Reserve will pivot from its aggressive rate hiking policy to avoid a potential recession which ... (full story)
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- Posted: Jan 24, 2023 11:02pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 62
