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via The Block · By The Block Editorial

Standard Chartered compares Ethereum to Amazon during 2001 dot-com bubble burst, says ETH will catch up to internal metrics

ETH

ETH/USDT

$1,691.04

-3.45%

$1,691.04

-3.45%

(24s)

24h Volume

$11,564,834,998.71

24h H/L

$1,752.51 / $1,671.79

Change: $80.72 (4.83%)

Long/Short

72.7%

Long: 72.7%Short: 27.3%

Funding Rate

+0.0015%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,686.51

▼ -1.44%

Volume (24h): -

Resistance Levels

Resistance 3$1,872.11

Resistance 2$1,772.50

Resistance 1$1,710.65

Price$1,686.51

Support 1$1,672.26

Support 2$1,615.03

Support 3$1,505.51

Pivot (PP):$1,696.12

Trend:Downtrend

RSI (14):36.9

The Block Editorial

(12:27 PM UTC)

1 min read

Verified byJames Mitchell

972 views

0 comments

Ether's recent price weakness does not reflect Ethereum's improving internal metrics, according to Standard Chartered Bank, which compares ETH's current setup to Amazon during the 2001 dot-com bubble burst.

"I view ETH's performance very much as Jeff Bezos described AMZN share price during the 2001 tech bubble burst. This quote, from a 2018 speech, encapsulates the point: 'The stock is not the…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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