Ethereum: Assessing the odds of ETH descending lower than $1050
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. USDT Dominance is a metric that measures the market cap of the stablecoin Tether as a percentage of the total market cap. This metric has risen from 5.7% to 8.13% in just over a week. At the same time, Ethereum and Bitcoin saw severe selling pressure and posted enormous losses within the past week. The market structure of ETH was...