A mini crash occurred in the crypto markets yesterday, which is followed today by a partial recovery.
This dynamic was far from trivial, and it originated two days ago. It is well understood by analyzing the trend of the last three days in the price of Ethereum and Bitcoin.
Today’s snapshot of the crypto market: the rebound of Ethereum after yesterday’s crash
It all began on 25 April, when the small hemorrhage of ETH from staking ended.
This hemorrhage, albeit very small, had begun a few days after the release of ETH from staking due to the Shapella update on 12 April.
In fact, on 19 April, when Binance activated staked ETH withdrawals, the price of Ethereum fell from $2,100 to $1,970, and then fell again to just above $1,800 on 24 April.
On the 25th there was a reversal, with the price returning to $1,870.
Yesterday, however, on the wave of the small rebound on 25 April, the price rose as high as $1,960 in just four and a half hours, but this rapid and significant growt
We współpracy z: https://en.cryptonomist.ch/2023/04/27/crypto-recovery-today-after-yesterdays-crash/
