Why traders say Ethereum may see a 'rinse' pullback after breaking its two-year high
Cointelegraph
Published Jan 25, 2021 10:38AM ET
Updated Jan 25, 2021 12:20PM ET
Several traders believe that the price of Ether (ETH) could pull back after it achieved a new all-time high on Jan. 25, gaining nearly 100% in January. Ether has outperformed Bitcoin (BTC) so far this year, buoyed by the growing number of users on Ethereum.
Primarily due to the growing demand for DeFi, the Ethereum network has seen an increase in user activity and transaction volume.
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Written By: Cointelegraph
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