New Ethereum Outlook Is Out

It’s been just revealed that a new ETH outfit is white. Check out more reports below.

At the moment of writing this article, ETH is trading in the red and the coin is priced at $1,489.

It’s been just revealed;ed that an analyst at investment management firm ARK Invest says Ethereum (ETH) could start gathering more bullish momentum as the crypto markets pivot back to a risk-on environment.

In a new interview on the For Your Innovation podcast, ARK analyst Frank Downing explained the fact that the dust is settling in the crypto markets after months of bearish price action.

“I think we’ve seen something interesting just in the last month, which is when the markets were heading down and we’re in this kind of capitulation cycle, you had assets on the riskier end of the spectrum, so ETH and assets that are built on top of ETH in comparison to Bitcoin sell off really hard, not necessarily trading on fundamentals but markets going completely risk-off.”

He continued and said the following:

“Just in the latter half of July, I think that started to turn and we saw the market incrementally at the margins starting to trade more on fundamentals.”

As the online publication the Daily Hodl notes, a risk-off environment generally refers to a period when riskier assets like crypto and stocks are sold in favor safe-haven assets like the US dollar.

According to the latest reports coming from the online publication the Daily Hodl, Ethereum (ETH) creator Vitalik Buterin says he considers crypto assets to be a superior form of making payments compared to mainstream alternatives.

He explained the fact that using digital coins for payments doesn’t just deter censorship, it is also a more convenient method for international remittances and business deals, based on his personal experiences.

“People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they’re so much more convenient. Big boost to international business and charity, and sometimes even payments within countries.”