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Ether Trades Near $2,250 as Large Holder Bets Roughly $45 Million on Rebound

Ether Trades Near $2,250 as Large Holder Bets Roughly $45 Million on Rebound

Photo: TokenPost

Ether traded near $2,250, while a large holder placed a roughly $45 million bet on a rebound that aligned with Tom Lee's bottoming view. Lee, a Wall Street strategist, has argued that selling pressure on Ether may be easing and the token could be near a floor. He gave no price target or timetable. Ether had fallen about 13% in the 30 days leading up to Nov. 7. Daily momentum readings were mixed. The MACD crossed above its signal line, suggesting short-term momentum had turned higher.

Source: TokenPost

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