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Ethereum Prices Go Vertical, What is Driving the ETH Rally?

From bitcoinist.com

ETH Fundamentals Aside from the JPM announcement yesterday, DeFi markets could be driving Ethereum momentum. Banks are in dire straits and interest rates are turning negative which is forcing tech savvy investors to look elsewhere. Dai Savings Rates and other DeFi options can offer rates hundreds of times better than banks with relatively little risk involved. Following a two year bear market Ethereum prices had reached a critically oversold level, wallowing below what they were in mid-2017. Weak hands have been shaken out and ICO war chests liquidated making ETH a very good buy at these prices. Consequently a rally ... (full story)

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  • Category: Fundamental Analysis