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Ethereum held above the long-term uptrend
The crypto market cap has fallen by approximately 2% over the past 24 hours to $2.41 trillion. The market is cooling after a mid-week surge, consistent with the trend of large capital selling on the growth. The price jump is generating impressive speculative interest, allowing large players to carefully sell larger volumes over a long period without putting excessive pressure on the price. Bitcoin is cautiously retreating for the second day to $70.5K, having encountered resistance and exhausted its growth momentum from the liquidation of short positions a couple of days ago. Short-term obstacles to growth are the ... (full story)
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