The price of Ethereum (ETH) is suffering these days.
Ethereum and the price after FTX
To be fair, the entire crypto market is suffering, but in particular it is Ethereum that is suffering due to the FTX hack.
It all stems from the funds stolen from FTX a few days ago.
The hacker took mostly ETH from the wallets of the bankrupt exchange, and in the last few days decided to sell a large portion of it in exchange for BTC.
On Sunday, the price of ETH was around $1,200, but in just two days it has fallen to below $1,100, with a low peak at $1,070 tonight.
This is about the same level touched on 10 November, which was the day FTX imploded. So in the last two days, it has lost everything it had recovered from that collapse.
It is worth pointing out that this is not the yearly low, because on 18 June the price of ETH fell even below $900, while in this month of November it has still never fallen below $1,000.
Ethereum’s price bubble
The current values are not only lower than the
We współpracy z: https://en.cryptonomist.ch/2022/11/22/ethereum-price-ftx/
