Today news
About the same in other media
Ethereum: What you should know about Long-term holders’ ‘historic’ sell-off
Reading now: 787
ambcrypto.comOctober and November have been kind of historic for not just Ethereum, but all altcoins. However, “historic” doesn’t necessarily automatically imply a positive development. In Ethereum’s case, this particular development is the perfect example.
Not in terms of price action though. Instead, it has to do with an ATH, one set thanks to its investors.
Since its $4878 all-time high 10 days ago, ETH has been dropping on the charts. The depreciation of 7.7% on 16 November 16 triggered many market investors significantly. And, since this was the first significant price fall in almost 2 months, it was not surprising to see investors panic.
Ethereum price action | Source: TradingView – AMBCrypto
The scale of the aforementioned depreciation doesn’t
Read more on ambcrypto.comAbout this in other media
Bitcoin cools from 1-week highs with key long-term metric echoing $44K cointelegraph.com /2 years ago
Hoskinson believes THIS is ‘critical for the long-term viability of Cardano’ ambcrypto.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
