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CoinDesk - by layer3.news
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2025-02-07 15:11:25
in reply to nevent1q…svyp

Ether May Be Ready for a Bull Run as Price Action Mirrors August Bottom


CoinDesk (nprofile…nhef)
✍️ Ether's price action is mirroring a pattern seen during the early August bottom, hinting at a renewed bull run ahead.
👉 Ether's price has been declining since mid-December, dropping 32% to $2,770.
👉 The volatility reached new heights on Monday, with prices plummeting to nearly $2,000 before rebounding to $2,700.
👉 Trading volumes on platforms like Coinbase and Bitstamp surged, hitting levels not seen since August.
👉 The surge in volume suggests that selling pressure may have peaked, potentially setting the stage for a rally.

#JakeOstrovskis #technology
CoinDesk (nprofile…nhef)

Ether's price action mirrors the August bottom amid signs of strong dip demand for the second-largest cryptocurrency.
https://www.coindesk.com/markets/2025/02/07/ether-may-be-ready-for-a-bull-run-as-price-action-mirrors-august-bottom

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