The post Ethereum Price Stays Stable Throughout Crypto Crash, Avorak Predicted This appeared first on Coinpedia Fintech News
Ethereum (ETH) has remained stable amid the general crash of cryptocurrencies. The crash is largely attributed to the moves by the SEC, and while ETH’s stability might come as a surprise to many, Avorak had already predicted this.
Ethereum price
While SEC-designated securities experienced significant price declines, the ETH price has been relatively stable. This resilience contributed to Ethereum’s growing market dominance, which also surged amidst the unstable market conditions triggered by the SEC’s actions. On-chain data analysis revealed a notable increase in the number of non-zero addresses accumulating Ethereum (ETH), indicating a growing interest and investment in the cryptocurrency. Trader behaviour also exhibits a notable level of optimism, evidenced by the declining put-to-call ratio for ETH. The number of put options taken against Ethereum (ETH)
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