Ethereum derivatives look bearish, but traders believe the ETH bottom is in

Ethereum derivatives look bearish, but traders believe the ETH bottom is in

Market Analysis
November 29, 2022 by secret
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[ad_1] Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors’ sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28. Newsflow remained negative after the United