Ether vulnerable as ‘meaningful unwinding’ on horizon

Ether vulnerable as ‘meaningful unwinding’ on horizon — Analyst

Source: Coin Tegraph Ether may be heading for an unstable period in the near term, as the cost of borrowing wrapped Ether has spiked and technical indicators point to overvaluation, according to a crypto analyst.  “We believe Ethereum is looking vulnerable in the near term,” 10x Research head of research Markus Thielen told Cointelegraph on Wednesday. “The market is entering a quieter summer stretch — particularly in the US during August — while…

Ether vulnerable as ‘meaningful unwinding’ on horizon

10x Research head of research Markus Thielen told Cointelegraph on Wednesday that Ether may be about to face vulnerability, but he is still bullish over the long-term.