Ethereum Jumps to All Time High

bitcoin bull april 2019 768x333

Ethereum has risen to its highest level ever on a frantic night that has added about 200 dollars to its price, raising it 20%. After consolidating at $1,200s, ethereum jumped during what appears to be Shanghai time, suggesting China did much of this. For some weeks now price has fallen during Shanghai daytime, making yesterday’s reversal very interesting. China dominates google searches for eth with people there studying Solidity since at least 2018. There’s rumors Antminer is apparently planning to launch an eth asics. They don’t seem to care these may last for only a short time prior to the launch of full Proof of Stake. The profits presumably are very high even short term. That might be making eth hot in China as prospective miners promote it, with that potentially being an explanation of this reversal from China selling to China buying. Another reason might be defi. This has…

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