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Ethereum price breaks out as ‘bad news is good news’ for stocks By Cointelegraph



Ethereum price breaks out as ‘bad news is good news’ for stocks

Ethereum’s native token, Ether (ETH), gained alongside riskier assets as investors assessed weak U.S. economic data and its potential to cool down rate hike fears.

ETH’s price climbed up to 8.31% on June 24 to $1,225, six days after falling below $880, its lowest level since January 2021.

daily chart versus Nasdaq and S&P 500. Source: TradingView
ETH/USD four-hour price chart featuring IH&S setup. Source: TradingView