Ethereum has endured a stuttering start to the week with a 9.12% move to the downside on Monday morning amidst a wider market sell-off.
The world’s second largest cryptocurrency by market cap is now trading at $350 after bouncing from $331, which is notably 2019’s yearly high.
It now needs to break back above $367 in order to avoid a prolonged period of downside price action, although much of it will depend on if Bitcoin can remain above $10,000 despite falling by 2.39% over the past 24 hours.
This is why although Eth appears to be stuttering on lower time frames, the macro perspective remains bullish as long as it trades above $334.
Buterin had proposed that Bitcoin needed a scripting language. He decided to develop a new platform with a more general scripting language when he couldn’t get buy-in to his proposal.
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