Since the KelpDAO attack, the market capitalization of Ethereum stablecoins and tokenized funds has fallen 19%.
$ETH is now at 2128.54, down 0.018% over 24 hours. Next, watch two things: whether trading volume picks up and whether the market can hold steady. This is somewhat negative, but one news item alone is far from enough to turn the market bearish. Changes in volume and price need to happen together to be meaningful. If the price is moving but momentum isn’t keeping up, that’s a reason to be cautious.
Make your own decisions about entering and exiting; don’t follow the crowd blindly.
$ETH is now at 2128.54, down 0.018% over 24 hours. Next, watch two things: whether trading volume picks up and whether the market can hold steady. This is somewhat negative, but one news item alone is far from enough to turn the market bearish. Changes in volume and price need to happen together to be meaningful. If the price is moving but momentum isn’t keeping up, that’s a reason to be cautious.
Make your own decisions about entering and exiting; don’t follow the crowd blindly.