Ethereum Shows Signs Of Exhaustion, But Could It Still Touch $1,700?

Ethereum Shows Signs Of Exhaustion, But Could It Still Touch $1,700?


The crypto market has extended its bullish momentum despite recent tailwinds, Ethereum continues to lead in this recovery. The second crypto by market cap trades at $1,600 with a 35% profit in the past week.

Related Reading | Crypto Market On The Mend: ApeCoin And Curve DAO Show Gains

Trading firm QCP Capital shared a market update claiming the current bullish price action has been a “pleasant surprise for all”. This price action started on the back of the latest U.S. Consumer Price Index (CPI) print; a metric used to measure inflation.

The CPI stands at a 40-year high which was expected to have a negative impact on the crypto market. The opposite occurred, the trading firm claims, due to market participants expecting lower inflation in

Trending: BREAKING: Russian MIL Declares Ukraine The Origin of COVID-19!

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend