Ethereum's Road to Recovery As the second largest cryptocurrency by market cap, Ethereum (ETH) has been one of the top performing assets in the cryptocurrency market. However, like other digital currencies, it has also experienced its fair share of ups and downs. Market Crash and ETH ETF Disappointment In late September 2021, the entire cryptocurrency market saw a major crash that wiped out billions of dollars in value. Ethereum's price plummeted to $2850, causing panic among investors. Many attributed this crash to the market's reaction to China's cryptocurrency ban and the Evergrande crisis. The market crash was not the only challenge faced by Ethereum in recent weeks. The much-anticipated Ethereum ETF, which was supposed to bring institutional investors into the market, was rejected by the US Securities and Exchange Commission (SEC). This news disappointed holders and caused further selling pressure on ETH. Slow But Steady Recovery Despite these setbacks, ...
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