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Ethereum (ETH) Review by Bloomberg Analyst
As the rise of Ethereum (ETH), one of the cryptocurrency leaders, continues, attention is focused on the question of whether
Yazar: James Gordon
Yayınlanma: 28 Ekim 2022 16:31
Güncellenme: 23 Kasım 2024 05:21
Ethereum (ETH) Review by Bloomberg Analyst
As the rise of Ethereum (ETH), one of the cryptocurrency leaders, continues, attention is focused on the question of whether it will be permanent.
The Ethereum (ETH) Merge update took place on September 15, causing the price to drop to $1178 as investors who bought the expectation sold the news. At the first sign of recovery in the leading Bitcoin (BTC), we saw Ethereum taking the flag and running ahead in the crypto market. In the past two days, Bitcoin has risen by 10%, while Ethereum has risen by 18%. Bloomberg Analyst evaluated this situation. "Ethereum's successful transition to the POS system in the midst of the global energy crisis has made its position in the digitalization of the financial and monetary system even more dominant. This could form the basis for a sustained price increase. Ethereum is in a long bull market and looks discounted. Although the ETH price is 70% below its 2021 peak, it is 4 times above its 2020 average. Volatility on dips is typical for an emerging asset. This often follows higher highs." Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account! The investment information, comments and recommendations in this article do not constitute investment advice. Investment advisory services are provided on a personalized basis, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.İLGİLİ HABERLER
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