RATE Group | Ethereum Consolidates Newly-Won Growth as Wider Crypto Market Falters
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Ethereum Consolidates Newly-Won Growth as Wider Crypto Market Falters

14 Sep Ethereum Consolidates Newly-Won Growth as Wider Crypto Market Falters

Posted at 19:36h in Ethereum News by

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Friday, September 14: After yesterday’s bullish upswing, crypto markets have today been hit with widely-dispersed corrections. Ethereum (ETH) is today’s most resilient large-market-cap altcoin, seeing the most notable growth on the day among the top twenty cryptoassets, as data from Coin360 shows.

Market visualization

Market visualization by Coin360

After soaring 18 percent on the day yesterday, September 13 – and peaking as high as $223 during early trading hours today – Ethereum has seen a tempering downwards, before regaining some losses in the hours before press time.

At its current $214 price point, the top alt has sealed a solid almost 4 percent of growth on the day.

Even as Ethereum sees a bullish couple of days on the markets, fresh research from TrustNodes has revealed data that may account for the top alt’s middle-term price weakness.

According to TrustNodes, in the 10 days leading up to September 13, Initial Coin Offering (ICO) projects have sold three times more ETH than they did in…

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