Has anyone else been following the recent fluctuations in Ethereum’s price? It seems that after approaching the $4,000 mark, there’s been a significant retreat. What do you think is driving this volatility? Is it purely market dynamics, or could external factors be influencing these shifts? I found a detailed analysis that might shed some light on this. Check out this video where they break down the possible reasons behind Ethereum’s price behavior. Could this be a signal for future trends? What’s your take on this? (source detail)
2 thoughts on “What’s Behind Ethereum’s Recent Price Rejection?”
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Germany
It’s because it went to the third range boundary. So far the whole market is in a retrace. We’re waiting on bitcoin to see if we get a bull run, and bitcoin is waiting on the overall economy/market to see if we can go into expansion or if it’s just a glorified retrace.