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Ethereum (ETH) Long Positions Skyrocket as Constantinople Nears, But Analysts Expect Post-Fork Plummet - Coins On News
Over the past month Ethereum (ETH) has seen some overwhelmingly positive price action, surging from lows of $104 to highs of over $150. Part of this price surge may be due to its upcoming Constantinople hard fork, which will offer the crypto multiple enhancements and will reduce its future inflation rates, which will likely be positive for the cryptocurrency in the long-term. Despite this, many analysts are now warning traders that Ethereum will likely see increased selling pressure at the time of, or after, the event, which is in-line with the age-old trader credo of “buy the rumor, sell the