Is $ETH going to reproduce 519? Can eth still be 'revived'?
Of course, it can. After all, it’s the second brother. Recently, the cryptocurrency market has really seen significant ups and downs, rising from 1750 to 2600, and now back to 2300. Nowadays, a 50-point fluctuation in eth is not surprising. Just now, eth was still at 2360 and has already reached 2420.
Why did eth drop so sharply this time?
First of all, as mentioned last week, Moody's rating agency downgraded the U.S. credit rating from Aaa to Aa1. The downgrade of the U.S. credit rating in 2011 caused turmoil in the U.S. bond market, coupled with issues concerning tariffs in the EU.
Valdis Dombrovskis, the Executive Vice-President of the European Commission and Trade Commissioner, reiterated that the EU will continue to seek negotiations to resolve trade disputes while also preparing to take possible countermeasures.
The current market situation requires retail investors to set strict take-profit and stop-loss levels for every position they establish. Learning to save oneself and remaining calm is the true posture of a skilled trader.
Hot cryptocurrencies continue to be explored and laid out. Today's hot cryptocurrencies to watch: eth, neiro, mkr, kaito, eos, dego
