Ethereum’s uptrend may be overheating as investor profitability reaches historic highs

BTC $11,225 (-1.4%) • ETH $389 (-0.5%) • XRP $0.299 (-4.4%)

The crypto community has been buzzing throughout the past couple of weeks as Bitcoin and the aggregated market show signs of life.

Following a multi-month bout of sideways trading within the lower-$9,000 region, BTC bulls finally awoke and drove the crypto past $10,000. From here, it rapidly soared to highs of $12,000 before its ascent slowed.

The crypto is now consolidating within the mid-$11,000 region as bulls vie to break above this newly established resistance.

Despite possibly being in the early stages of the next full-blown bull market, public interest in Bitcoin and other crypto topics remains incredibly low.

This is clearly illustrated while looking towards Google Trend data regarding crypto-related keywords.

Because new retail investors clearly aren’t backing this move, what is?

Read the full story here ➡️


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