Ethereum Back to December

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Summary

Even the mighty Vitalik Buterin was keen to wax lyrical about memes while saying hey, hey, hey. As ethereum had looked on for so long while bitcoin kept on rising and rising, it thought now it was its chance in an inverse correlation in December. In a country that within living memory had very high inflation and of course is mired in corruption allegations, leading their state bank to turn to ethereum. Ethereum is currently trading at around $700, a price level it grudgingly first reached in December, and then went on to spend pretty much all of the month there, not really caring to move one bit. So going on to test new highs, but then for some reason sentiment turned and they all started sheepishly following bitcoin on the way down.

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Ethereum’s price has sort of erased all of winter and is now acting as if nothing happened, with the currency sliding in a straight line if we ignore the winter months.

Ethereum is currently trading at around $700, a price level it grudgingly first reached in December, and then went on to spend pretty much all of the month there, not really caring to move one bit.

Until bitcoin turned on to crash. We now know it did so because the MT Gox trustee is probably a clueless old man who probably sold some half a billion worth of bitcoin through probably market orders.

As ethereum had looked on for so long while bitcoin kept on rising and rising, it thought now it was its chance in an inverse correlation in December.

So going on to test new highs, but then for some reason sentiment turned and they all started sheepishly following bitcoin on the...

Read the full article @ TrustNodes