Over the past day, Bitcoin, Ethereum, and the rest of this nascent market have finally shown signs of recovering after the nearly 10% drawdown seen over the weekend. Per data from Coinmarketcap, ETH is up 6.6% in the past 24 hours, rallying to $282 as of the time of this article’s writing after peaking near $290 earlier today.
This already impressive bounce from the weekend’s lows has analysts convinced that Ethereum is likely to move beyond $300 in the coming days. Here’s more on why.
Ethereum is Ready to Move Even Higher, Analysts Say
Bitcoin’s and Ethereum’s strong surges to kick off 2020 have caught many traders on the back foot. Case in point: each leg higher in the price of BTC has been marked by dozens of millions of dollars worth of short liquidations on margin trading platforms like BitMEX.
While the majority seem to have been caught off guard, one trader called Bitcoin’s emerging uptrend: Financial Survivalism, also known as Sawcruhteez. Read More...