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benfrankledger

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benfrankledger

Re: None

Tuesday, 01/19/2021 9:54:41 PM

Tuesday, January 19, 2021 9:54:41 PM

Post# of 245559
$BTCUS

On Tuesday, Ether (ETH) underwent a bullish breakout which propelled the price to a new all-time high at $1,428.

While the move may have been technical, the fundamentals for Etheruem continue to improve as less than one month after launch there is now $3.8 billion worth of ETH locked on the Eth2 blockchain.

The rapid rise in price has clearly attracted the attention of pro traders but Cointelegraph analyst Marcel Pechman warns that Ether’s rise to a new high was also accompanied by a large increase in short positions.



https://cointelegraph.com/news/bitcoin-and-altcoins-correct-after-yellen-s-illicit-financing-critique

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Twitter: @BenFrankLedger

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