Ethereum (ETH) is trying hard to break the $2000 barrier while dealing with a stock rally and a challenging regulatory landscape. Still, it’s holding firm at $1800 and promising for the future. Meanwhile, more and more investors are turning their eyes toward the TMS Network (TMSN).
Ethereum (ETH) Fight for $2000 Amid Stock Rally and Regulatory Concerns: Bloomberg Analyst’s Insight
Ethereum (ETH) is caught below the $2000 mark, struggling to break free despite a recent stock surge. Mike McGlone, a Bloomberg Intelligence Senior Macro Strategist, points out this bottleneck, suggesting Ethereum (ETH) needs to overcome this year-long resistance to progress significantly. Despite the NASDAQ 100 stock index hitting a new 52-week high recently, Ethereum (ETH) has struggled to stay above $2000.
The performance of Ethereum (ETH) may be tied to that of the stock index, signaling a solid relationship between the two. Investors often associate Ethereum (ETH), altcoins, and tech stocks, examining them similarly. Notably, Bitcoin’s correlation with stocks has decreased, whereas its association with gold has strengthened. This split in correlation might provide insight into why Ethereum (ETH) has not mirrored the tech stock rally, given Bitcoin’s sway over its price and that of Ethereum (ETH) and other assets.
TMS Network (TMSN) Emerges as a Major Draw for Investors
The newly launched TMS Network (TMSN) has stirred up the crypto scene, igniting excitement. Its innovative role as a bridge between traditional and crypto markets makes it stand out. TMS Network (TMSN) platform allows users to trade cryptocurrencies, CFDs, forex, and equities actively. This level of versatility has been vital in boosting its popularity in the crypto investment community.
TMS Network (TMSN)’s growth trajectory has been impressive since its initial stage 1 presale, attracting investors worldwide. The value of TMSN has witnessed significant growth, moving from $0.025 in stage 1 to $0.05 in stage 2, reaching $0.078 in stage 3. In the stage 4 presale, TMSN trades at an impressive $0.104, maintaining a robust growth trend.
Amid its ongoing ICO, TMS Network (TMSN)’s value has appreciably increased by 300%. The momentum gained so far shows no signs of slowing, painting an optimistic picture for the future of this unique crypto-traditional market disruptor.
Join the Presale:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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