Ethereum’s Sudden Comeback
For weeks, Ethereum was surrounded by bearish sentiment, with plenty of people questioning whether ETH still had the same relevance. Then August 19 happened: ETH jumped roughly 17.5% in a single session and briefly moved above $2,300.
The move was part of a broader crypto rally and was amplified by significant short liquidations. It’s a good reminder that market narratives can change extremely quickly. BingX was one of the platforms where the ETH move could be followed in real time. The bigger question now is whether this momentum lasts or turns out to be another relief rally.
For weeks, Ethereum was surrounded by bearish sentiment, with plenty of people questioning whether ETH still had the same relevance. Then August 19 happened: ETH jumped roughly 17.5% in a single session and briefly moved above $2,300.
The move was part of a broader crypto rally and was amplified by significant short liquidations. It’s a good reminder that market narratives can change extremely quickly. BingX was one of the platforms where the ETH move could be followed in real time. The bigger question now is whether this momentum lasts or turns out to be another relief rally.