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Here's What Fueled Ethereum's Spike to $1,230: Crypto Market Review, Dec. 21

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$ETH movement on the market might be short term as $USD is aiming for a strengthening

Fed chair Jerome Powell is not backing down and is ready to get inflation down to the target that was set by the regulator previously, whatever it takes — even if the collapse of the market becomes part of the collateral damage.

At press time, Link is trading at $6; the price level acts as a handbrake for an asset that has been moving in a continuous downtrend for the last 20 days, losing more than 20% of its value. The bounce from the $6 price threshold would be the sixth time LINK enters a reversal rally from the same price level.

 

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