Review on Ethereum by Samet ÇEÇEN
Or is this a start?
Ethereum has been burning green candles for the last 5 days in a row, making it come to the bulls. At the time of writing, Ethereum bulls are struggling to break the $ 2,000 resistance line. A new all-time record (ATH) is just around the corner.
On February 20, 2021, Ethereum saw an all-time record of $ 2,036. ETH is pretty close to the new record.
ETH's direction has been determined
Quite positive news is coming around Ethereum. Institutions turned their route to Ethereum after Bitcoin. Institutional investors diversifying their portfolios by buying bitcoin purchased Ethereum to diversify their digital portfolios.
ETH's direction has been determined
The graphic highlighted in orange in the figure above indicates the Etheruem outflow on the Coinbase exchange. 5 days before the stock market, 400K Ethereum output draws attention. It is also important that the exit is from the Coinbase stock exchange, because the Coinbase exchange is one of the frequent destinations of corporate companies.
If corporations started buying Ethereum, we could see more ATH.
Pros
- an open-ended coin
Cons
- the commission fee is too high
