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امحُ كل مكاسب مايو اكلمة إثريوم (eth), where it decreased by about 10% in الأض مبوعسبوع.
The second largest digital currency recorded its lowest level during the day at 2,097 dollars at its level during the day at 2,097 dollars at the Sunday level, which is the lowest level since April 7. At press time, it was trading at $2,116.82, down 2.88%, down 2.88%.
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But what is behind this decline? The head of the house pointed to me at the oil.
Make oil the biggest obstacle facing Ethereum
He explained to me in the manifesto on the X platform that the inverse correlation between ethereum and oil is completely different. describe the movement of crude oil as the dominant force that puts pressure on eth in the week of the week.
He said to me that he wonders why ethereum and eth are exposed to pressure to sell: for me, the height, he said to me that it is one of the biggest obstacles. The inverse correlation between eth and oil is the highest ever.
Meanwhile, Brent crude was trading near $111 per barrel on Monday, down 4% over the past month. reflect Current elevations Ongoing tensions between the United States and Iran and the closure of the Strait of Hormuz.
He pointed out to me, however, that the reversal of oil prices will open the way to recovery. Despite the recent weakness, the executive described it as “short tactical noise”. He said that the structural engines behind eth are still very strong.
Fundstrat publishing partner the light on the origin Artificial intelligence is the biggest force that will shape the direction of Ethereum 2 Ethereum 02.
He pointed out that these factors appeared in his previous predictions for ethereum. He mentioned that earlier this month, he expected the price of Ethereum to reach 9,000 to 9,000 by the end of the year.
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