The price of Ether saw gains in its BTC pair on Monday as Bitcoin price dropped below $60,000.
The ETH/BTC pair is showing signs of bottoming, but further consolidation should not be ruled out.
As Bitcoin wobbles following a spurt to above $58,000, concerns mount about the depth of a possible inbound correction.
Ether price is attempting to conquer $2,000 as the Ethereum blockchain is seeing increasing demand.
Data suggest retail traders are over-optimistically using leverage to long Ethereum, whereas pro traders remain skeptical about ETH’s short-term prospect of reaching $2,000.
The number of Bitcoin whales is increasing as the price of BTC continues to rise.
The altcoin market crashed as Bitcoin achieved a new all-time high and made its way towards $50,000.
It’s not just the Ether price itself setting records on Friday — users are having to pay more than ever to send transactions and some exchanges can’t cope.
Traders say ETH price could pull back temporarily after climbing to a new all-time high above $1,470, despite the momentum of Ethereum.
Ethereum has fallen by more than 7% in the last several hours, a day after breaking its ETH/USD all-time high from three years ago.