Ethereum ended 2019 down marginally, with the crypto severely underperforming Bitcoin, which posted a nearly 100% climb throughout the past year. This lackluster performance came about in spite of strong fundamentals that were bolstered by a significant amount of ETH being locked up in DeFi initiatives.
There are some other factors and key data points that could signal that 2020 will be another great year for Ethereum from a fundamental perspective, but will these factors help bolster ETH’s price action in the year ahead?
Ethereum’s Fundamentals Keep Growing, But Price Remains Stagnate
Throughout 2019, Ethereum posted a slight decline against its USD trading pair, while woefully underperforming Bitcoin, which surged a stunning 95% throughout the year.
Over a short-term period, ETH has been incurring some slight upwards momentum, which has allowed it to claim a firm position within the lower-$130 region. Its short-term uptrend has come about after bulls ardently defended it from dropping below the $120 region. Read More...