⚡Yu'an News | Ethereum consolidates as market focus shifts to U.S. midterm elections; U.S.-Iran talks continue
On Thursday, Ethereum came under selling pressure after news of a security breach at Binance broke. Liquidations across the market surged, amplifying downward pressure. However, Ethereum eventually rebounded as Binance pledged to compensate affected customers and concerns about broader contagion gradually eased. Improving sentiment around U.S.-Iran talks and expectations of falling oil prices also supported risk appetite. Looking ahead, the macro environment remains challenging: inflation risks, growth concerns, expectations of further Federal Reserve tightening, and geopolitical uncertainty all limit the scope for a sustained recovery.
Source: ForexLive
November 3, 17:31 | Beijing time
#ETH
On Thursday, Ethereum came under selling pressure after news of a security breach at Binance broke. Liquidations across the market surged, amplifying downward pressure. However, Ethereum eventually rebounded as Binance pledged to compensate affected customers and concerns about broader contagion gradually eased. Improving sentiment around U.S.-Iran talks and expectations of falling oil prices also supported risk appetite. Looking ahead, the macro environment remains challenging: inflation risks, growth concerns, expectations of further Federal Reserve tightening, and geopolitical uncertainty all limit the scope for a sustained recovery.
Source: ForexLive
November 3, 17:31 | Beijing time
#ETH