@Today 9 March 2021 more from that month

Ethereum Near $2,000 Again on Supportive Technicals, Bitcoin Correlation Ethereum prices rallied on Tuesday as a recent sell-off in the cryptocurrency market prompted traders to buy the dip. The world’s second-largest cryptocurrency climbed to its two-week high of $1,859.62 on Coinbase, a US-based crypto exchange, during the early Asian session. It started correcting lower on short-term selling sentiment but maintained its weekly upside bias on supportive in-house and macroeconomic factors. Ethereum’s upside move mostly appeared in line with a similar price jump in the Bitcoin market. The correlation efficiency between the two assets is nearly 0.88, reflecting that Ethereum is most likely to tail trends in the Bitcoin bazaar.