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Why Ethereum Rose 3% Today, Despite Key Headwinds

From fool.com

Among the most bulletproof cryptocurrencies in the market, and one I've touted as a long-term winner many times in the past, Ethereum is indeed facing a unique set of headwinds, at least lately. Despite these headwinds, Ethereum is currently up 3.2% over the past 24 hours, as of 5:30 p.m. ET. Similar to other mega-cap crypto projects, Ethereum's valuation can fluctuate significantly on a daily basis. Macro and market forces can often be the key impetus for these swings, with plenty of leverage in the derivatives market and speculative capital driving even greater volatility than what investors in other assets (like ... (full story)

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  • Category: Fundamental Analysis