Analyst: Ethereum Still on Track for Move to $260 as Network Activity Spikes

2019-11-12 02:00

Ethereum has been closely tracking Bitcoin’s price action over the past several days and weeks, and this correlation has persisted when ETH dropped overnight as BTC was met with significant selling pressure within the lower-$9,000 region, which subsequently sent it reeling down to $8,700.

Bitcoin’s current bearishness has caused Ethereum to show similarly bearish signs,. . .

The post Analyst: Ethereum Still on Track for Move to $260 as Network Activity Spikes appeared first on NewsBTC.

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Ethereum (ETH) на Currencies.ru

$ 2986.17 (+0.10%)
Объем 24H $22.006b
Изменеия 24h: 2.54 %, 7d: -3.35 %
Cегодня L: $2972.18 - H: $2993.01
Капитализация $360.415b Rank 2
Цена в час новости $ 173.25 (1623.62%)

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Ethereum fees just hit 7-year low as it finally outperforms Bitcoin – one hidden data point proves rally is sustainable

The Federal Reserve has delivered the quarter-point rate cut markets demanded, and Ethereum is responding exactly as the “smart money” anticipated. While Bitcoin effectively shrugs off the news near $92,000, Ethereum is holding its pre-meeting gains above $3,300, validating the sharp rotation seen in the 24 hours leading up to the decision.

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