RATE Group | Ethereum Surges Over 18% to Over $200 Despite Short Seller Pressure
42212
wp-singular,post-template-default,single,single-post,postid-42212,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum Surges Over 18% to Over $200 Despite Short Seller Pressure

13 Sep Ethereum Surges Over 18% to Over $200 Despite Short Seller Pressure

Posted at 16:08h in Ethereum News by

[ad_1]

/latest/2018/09/ethereum-surges-over-18-to-over-200-despite-short-seller-pressure/

Ethereum’s ether, the second-largest cryptocurrency by market cap, has recently seen its price surge over 18% in 24 hours, which helped it get past the $200 mark after hitting yearly lows.

According to CryptoCompare data the cryptocurrency managed to go over its 50-day SMA after it started recovering from a $167 low, at a time in which most top cryptocurrencies are in the green.

hour_CryptoCompare_Index_ETH_USD_337_11536849249642.png

Ether’s price has been recovering amid a plethora of developments. As CryptoGlobe covered, cryptocurrency exchange Gemini launched a dollar-backed stablecoin on Ethereum called Gemini Dollar (USD). Its move was followed by the launch of the Paxos Standard (PAX), another stablecoin on ETH.

The cryptocurrency’s co-founder Vitalik Buterin has also recently added to a comment where he stated the cryptocurrency ecosystem’s explosive growth days are over. As reported, Buterin now noted that…

[ad_2]

Source link