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Why Ethereum price corrected sharply despite today’s Eth2 milestone

Published 12/01/2020, 03:05 PM
Updated 12/01/2020, 04:40 PM
Why Ethereum price corrected sharply despite today’s Eth2 milestone
BTC/USD
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ETH/USD
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The price of Ether (ETH), the native cryptocurrency of Ethereum, plunged harder than Bitcoin (BTC) in the recent pullback.

After reaching an all-time high on Coinbase, the price of Bitcoin fell steeply by over 9% within several hours. In the same period, Ether corrected by over 11%, following a marketwide pullback.

ETH/USDT 4-hour chart. Source: TradingView.com

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