Saturday, October 1

Ether Price Drops Below $ 3,800, But Traders Are Unwilling To Short To Current Levels By CoinTelegraph

© Reuters. Ether price drops below $ 3,800, but traders are unwilling to short to current levels

Although Ether (ETH) hit an all-time high of $ 4,870 on November 10, the bulls have little reason to celebrate. The 290% gains for the year have been overshadowed by the 18% price drop in December. However, the value locked in smart contracts (TVL) of the network multiplied by nine to reach 155,000 million dollars.

  • A fair comparison? Ethereum’s growth surpasses that of in 2021

Looking at the price performance chart for the past two months doesn’t really tell the whole story, and Ether’s current market capitalization of $ 450 billion makes it one of the top 20 tradable assets in the world, right behind the Johnson conglomerate. & Johnson two centuries old.

Price of the Ether / USD pair in FTX. Source: TradingView The year 2021 should be remembered for the huge growth of decentralized exchanges, whose daily volume reached $ 3 billion, a growth of 340% compared to the last quarter of 2020. Even so, cryptocurrency traders are notoriously myopic, which accentuates the impact of the ongoing downward trend channel.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.