RATE Group | Ethereum — Shorts High, Price Low
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Ethereum — Shorts High, Price Low

10 Sep Ethereum — Shorts High, Price Low

Posted at 05:45h in Ethereum News by

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Ethereum is really feeling the bite as its price continues to plummet — ETHUSD shorts soar from all-time lows in August to currently being at an all-time high. 

To the Moon and Back

Ethereum has now joined the throng of altcoins that are trading below their pre-November 2017 bull run prices. It is currently experienced an 86 percent pullback from its $1,400 all-time high.

While the other top-ten cryptocurrencies are trading in a range slightly above or below their November 2017 prices, Ethereum has seen the worst. In November 2017, at the dawn of an explosive bull run, Ethereum had nearly reached $400. This past weekend Ethereum was briefly trading at less than $200 — a loss of more than 50 percent since November.

To the Moon and Back

Compounded with the slipping price, shorts on Ethereum skyrocketed from an all-time low two weeks ago, to an all-time high today, topping out at nearly 250,000 ETH.

Compounded with the slipping price, shorts on Ethereum skyrocketed from an all-time low two weeks ago, to an all-time high today, topping out at nearly 250,000 ETH.

Proof of Which?

Currently, the Ethereum blockchain runs on a proof of work system in which the…

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