Why is Ether (ETH) price up today?

[babo]

Outflows from KuCoin on the Ethereum network alone exceeded 800$m over the past 24 hours. The exchange's assets are estimated at 4.8$bn.

Journalist Colin Wu also learnt from three independent sources that last year the founders were planning to shut down the exchange or sell the business.

I'm very sorry about this, I mean if Kucoin were to close: it was a very nice exchange and I had the opportunity to work with them
I'm sorry, for them switching to KYC was a real blow, the regulator then started annoying them all the time
I'm very sorry, I really liked it

[NikeFit_7777]

Even though the market capitalization of cryptocurrencies in general is a redundant metric. Technically, we are still in a period of ETH dominance, albeit the lowest since mid-2021 (-0.002).
The coming bull market will be the first bull market in history where Bitcoin will surpass Ethereum. ETH/BTC is at 0.050, a six-month support level.

P.S. Absolutely everything above is just my speculation and as such, make your decisions - solely on your own. Don't pass the buck to others!

[Litzki1990]

In my opinion, the price of ethereum will only experience a correction in the next few months, the price will be slightly cheaper than now. Maybe at that time we can buy ethereum, but if we want it to be cheaper we wait until the bearish season which is likely to occur at the end of next year

Unfortunately we don't know when bearishness will occur again, because so far the price of bitcoin seems to always have strong support so whales have difficulty making the price of bitcoin collapse. If at the end of next year the price collapses then it will still be too long to buy.

Since the market of Ethereum is directly dependent on the price of Bitcoin, when the price of Bitcoin falls, it is likely that the price of Ethereum will fall. The market has been positive for a long time and from the market positive for a long time now the market has dumped a bit and by dumping a bit the market is trying to settle in that position. If the market stays in its current position then we don't need to worry too much about this market as the market can go up again from here. But the concern is that if the market can't hold its position and if the market takes a big dump again, it will be very difficult to reach the previous position of the market.

[legend45]

In my opinion, the price of ethereum will only experience a correction in the next few months, the price will be slightly cheaper than now. Maybe at that time we can buy ethereum, but if we want it to be cheaper we wait until the bearish season which is likely to occur at the end of next year

Unfortunately we don't know when bearishness will occur again, because so far the price of bitcoin seems to always have strong support so whales have difficulty making the price of bitcoin collapse. If at the end of next year the price collapses then it will still be too long to buy.

Since the market of Ethereum is directly dependent on the price of Bitcoin, when the price of Bitcoin falls, it is likely that the price of Ethereum will fall. The market has been positive for a long time and from the market positive for a long time now the market has dumped a bit and by dumping a bit the market is trying to settle in that position. If the market stays in its current position then we don't need to worry too much about this market as the market can go up again from here. But the concern is that if the market can't hold its position and if the market takes a big dump again, it will be very difficult to reach the previous position of the market.

yes, the price of ethereum will always follow bitcoin. Marjet is red again this time and altcoins including ethereum are also experiencing price declines. I wonder whether we will experience a bearish season before the bullish season which is expected to occur at the end of this year