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Ethereum prices dropped more than 3% from an intraday high of $3,540 on July 22 to a low of $3,425 during the Tuesday morning Asian trading session.
They have recovered slightly since but analyst ‘Kaleo’ predicted that there is a “high likelihood we see some type of pullback after theWe’re still early enough into this bull market that shorting is a greedy play if you’re giga-bullish on a higher time frame , which was a big endorsement of the asset that read:
“Ethereum’s appeal lies in its decentralized nature and its potential to drive digital transformation in finance and other industries.”: “While many see bitcoin’s key appeal in its scarcity many find ethereum’s appeal in its utility.. you could think of ethereum as a global platform for applications that run without decentralized intermediaries”an ad for its prospectus stating that it will donate 10% of the Bitwise Ethereum ETF profits to Ethereum open-source protocol development.
However, if price action mirrors that of BTC, there could be a new all-time high for ETH a few months after the ETFs have been trading.Institutional Money Pours Into Ethereum, Addresses Holding Over 10K ETH SurgeOne Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.
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