Ethereum stampedes – The number 2 in cryptos continues to find great allies. However, the wall of 400 dollars is still impassable.
Ethereum face au dollars
After peaking at $ 489 in early September, Ethereum, like all cryptocurrencies, experienced a few difficult weeks. The crypto dolphin then reacted well.
In the short term, Ethereum is lateralizing and no trend is emerging. We are in a new period of consolidation and low volatility. A second resistance test at $ 400 has taken place. Once again, Italian Formula got thrown at this level, a sign of the importance of this psychological threshold for sellers.
We can soon consider a new test of the support zone at 360 dollars. Maintaining the price above this zone would confirm the underlying uptrend started since April.
Ethereum vs. Bitcoin: step by step
Against BTC, Ethereum continues to gain ground, level by level, slowly, but surely. Aided by the summer DeFi surge, ETH is in an uptrend in the medium term . On the other hand, the price here is also in a phase of consolidation, rather conducive to chaotic movements in the short term.
Ethereum in the big leagues
Ethereum continues to be talked about and to make high-ranking allies . This time, it is the CEO of the CFTC (the US agency responsible for the regulation of stock exchanges), Heath Tarbert , who praises Ethereum and says he is very impressed by it.
A few days before, it was the investment fund Grayscale Ethereum Trust which announced that it was accredited by the American regulatory authorities. The $ 800 million of ETH managed by this fund is therefore now easily accessible to a large number of investors.