We’re So Back? Ether pierced $3,000 to the acclaim of many on Crypto Twitter before sliding back beneath the psychological bull barrier Friday morning. Where do prices go from here?
In under one month, ETH has rallied 40% off the $2.2k local lows it established as crypto prices plunged in the days following spot BTC ETF debuts! While the ETH/BTC ratio initially surged on ETF approval as traders positioned for Ether’s inevitable spot ETF, it fell throughout the second half of January and early February as spot BTC ETF inflows accelerated.
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
