3 reasons why Ethereum price is pinned below $2,000 - BitcoinEthereumNews.com
Ethereum3 dahilan kung bakit ang presyo ng Ethereum ay naka-pin sa ibaba $2,00006 / 03 / 2022Balita ng Ethereum ng Bitcoin kay Ether (ETH) market structure continues to be bearish despite the failed attempt to break the descending chanel resistance at $2,000 on May 31. This three-week-long price formation could mean that an eventual retest of the $1,700 support is underway. Ether/USD 4 na oras na presyo sa Bitstamp. Pinagmulan: TradingView On the non-crypto side, a number of equities-related factors are translating to negative sentiment in the crypto market. This week Microsoft (MSFT) binabaan its profit and revenue outlook, citing challenging macroeconomic conditions. The U.S. Federal Reserve signaled in its periodic “Beige Book” that economic activity may have cooled in some parts of the country and the Fed is about to reduce its $9 trillion asset portfolio to combat persistent inflation. On the bright side, an institutional investor survey published by The Economist magazine showed that 85% of the respondents agreed that open-source cryptocurrencies like Bitcoin (BTC) o Ether (ETH) ay useful as diversifiers in portfolio or treasury accounts. From the macroeconomic perspective, investors are still risk-averse, which could translate to a reduced appetite for cryptocurrencies. Ethereum still has a mountain to climb The Ethereum networks kabuuang