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Ethereum's on the Move Again -- Here's What's Driving Today's Downward Move
Ethereum's dip has some investors questioning whether this weekly move is finished.
Of all the top cryptocurrencies investors pay close attention to, Ethereum (CRYPTO: ETH) has become one of the best-performing tokens in the market over the course of the past two weeks.
Indeed, since Ethereum's Pectra upgrade was announced, this token has absolutely taken off. Over the course of the past week alone, Ethereum's price has surged 45% at the time of writing. Most of this move has to do with the expected improvements to Ethereum's infrastructure, as well as some rather significant withdrawal data from centralized exchanges (with $1.2 billion being taken off exchange over the past week).
Image source: Getty Images.
