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Ethereum Price and Christmas Recoil?

27 december 2018, 01:10 by Vergil Younge

Ethereum Price and Christmas Recoil?

ETH Price

A sudden increase in the ETH value could be seen as the holidays time emerged for many people, did it encouraged investors to make some price movements? On December 24th, which is a Christmas Eve for many, the price made an incredible growth of almost +20% in that 24 hours. It started at the recent safe ETH region of $130 and started going up hitting the first price mark at $150, where it took a time to take a breath before setting off for another journey with the destination of almost $160.

ETH/USD Price Chart, December 27th:

It didn't spend long time there, as it seems ETH happy holidays lasted only few hours. It lost all of its gains the next day and even landed on a lower position than it started its pump from. With a new stable ground at $126, the cryptocurrency spent there few days fluctuating a bit, with a notable upwards trend. This slow recovery brought ETH to $132 on December 27th, which seems confident enough not to expect any downwards movements in the next couple of days.

Cloudflare Reaches Out To Ethereum

When it comes to some interesting news around Ethereum project that could currently shape ETH price, there is an interesting twitter post, where Cloudflare which is a company that provides content delivery network services, DDoS mitigation, Internet security and distributed domain name server services is asking Ethereum for a cooperation on bridging the gap between the traditional and decentralized internet.

In a blog post, which sums up the cryptocurrency and blockchain-based work that Cloudflare is researching, we can read: "We're working on many cutting-edge technologies based on cryptography and applying them to make the Internet better" Moreover, they also announce the launch of Cloudflare's Distributed Web Gateway and browser extension.


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