Ethereum Prices Plot Cautious Recovery as Korean Government Cools Trading Ban Rumors.
The cryptocurrency market is eyeing a cautious recovery after financial regulators in South Korea publicly stated that they do not agree with the cryptocurrency trading ban that has been proposed by the country’s justice minister. In the meantime, though, nearly every major coin is trading below its previous-day level, and the ethereum price has snapped its streak of positive returns.
Ok this is what I was missing in the snapshot. I never thought ethereum spiking is all about the Korean exchanger effect and that too affected the other alts. However I did know that it’s related to FUD in first place but the Korean exchanger have taken the stuff far from the reach of common investors. I mean we have seen bitcoin trading at double rates than the international rates in the Korea and there is no way one can trust these exchangers real volume. This do look like some sort of aggressive trading and fud effect.
