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ETH/USD: Ethereum Prices Steady Near $3,900 amid Broad Crypto Market Pullback

Key points:
  • Ether prices steady near $3,900
  • Bitcoin loses sight of $100,000
  • Big things are happening!
Illustration by TradingView

Second-largest coin is on track to close its third straight day of gains while Bitcoin was looking down for the second day in a row.

  • Ethereum ETHUSD moved slightly higher Friday while the wider crypto market was struggling to even hug the flatline and was mostly flipping under it. Even Bitcoin BTCUSD was looking to wrap up its second straight day in decline after traders found it difficult to uphold the $100,000 mark over the past week. Ethereum, on the other hand, was trading near $3,900 a pop and pointing to the upside for the third consecutive day.
  • Despite its recent strong performance, Ether has been lagging in the big picture. Bitcoin has pulled ahead for the year, flaunting gains of nearly 130% while the second-largest token is up about 80% over the same time span. Still, the cryptocurrency space is looking to notch one of its best years in terms of building out the accommodation that will allow ordinary people and institutional investors to join the volatile market.
  • This year marked the launch of the first Bitcoin-native exchange-traded funds in the US, a pack of eleven. In less than a year, they’ve pulled in more than $100 billion in assets under management. Ethereum got to be the second token to get the same treatment with nine spot ETFs collectively holding more than $10 billion in assets. Investors are now looking ahead to a possible Santa Rally — could we see new record highs before the year ends?

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