Since Bitcoin’s record-setting run in 2017, both it and Ethereum have fallen off considerably in 2018. Today, however, ETH prices have recovered a bit, closing out a 13-day streak of green candles. Here’s why:
Ethereum started 2018 with a clean, multi-year green candle. This is the longest such candle we’ve had at the start of the year. It’s a strong indication that Ethereum is in a good place, and that it has the potential to continue to grow. The 13th green candle came on when Ethereum traded at $1510.53. This was a 5.8% jump on the day. Ethereum is up 1.9% today, and has been on a steady uptrend since the beginning of the year.
Ethereum outperformed Bitcoin by closing 13 daily green candles in a row. Here’s how it works:
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The second-largest cryptocurrency by market capitalization outperforms Bitcoin’s 10-day green run on the heels of the upcoming London hard fork.
2 minutes read Samuel Wan on August 3, 2021 at 8:00 p.m. UTC
Ethereum has now closed 13 consecutive daily green candles, the greatest run in its six-year existence.
The rising price trend came to a stop today, as ETH dropped 5% in the early hours of Tuesday morning, as it did with everything nice (GMT).
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