Ether‘s situation still looks negative amid ongoing high volume of selling and generally poor sentiment. There has been a very large spike in the total volume of selling for futures on Ether, which might drive the price further down. A sudden recovery of sentiment might invalidate this idea, though. The key data coming this week is American inflation on Wednesday 12 February.
Ether Close to Three-month Lows
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Market outlook: crypto trading.
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About the Author
Michael Starkcontributor
Michael is a financial content manager at Exness. He's been investing for around the last 15 years and trading CFDs for about the last nine. He favors consideration of both fundamental analysis and TA where possible.
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