Ether (ETH) Investors Continue to HODL Hoping for a Surge Above $2K â crypto.news - BitcoinEthereumNews.com
crypto EthereumAng mga Namumuhunan ng Ether (ETH) ay Patuloy na Nag-HODL Umaasa sa Pagtaas ng $2K â crypto.news05 / 28 / 2022Balita ng Ethereum ng BitcoinăăSince the begining of April, the performance of Ether has been less satisfying for its holders. The 50% correction on April 3 triggered the altcoin to test the support at around $1,800.ăăDemand for Larger ReturnsăăOn-chain data shows that the value of Bitcoins whale ratio has remained high. The sign could indicate that the price is going to fall. Bitcoin was also trading lower throughout the day. It fell under $29,000. The overall market capitalization of cryptocurrencies is down around 3%.ăăDue to the volatility in the stock market, investors sought shelter in the US dollar. On May 13, the DXY index, which measures the dollars performance against a basket of foreign currencies, hit its highest level in over two decades.ăăThe rise of the US Treasury yield, which hit a high of 3.10 percent on May 9, was a sign that investors demand higher returns to compensate for inflation. Hence, it explains the decline of Ether.ăăAnother issue that caused panic among the investors was the reorg of the Ethereum blockchain on May 25. During this event, a