The spike in Ethereum's price occurred despite Baidu's anti-cryptocurrency measures. Baidu followed Tencent and Alibaba suit by censoring online speech related to cryptocurrencies and restricting access to crypto-focused forums and discussion boards. The company cited the laws, regulations, and policies as the main reasons for this censorship. Many popular cryptocurrency chatrooms, including the famous Digital Currency Bar and Virtual Currency Bar" were blocked by Baidu.
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Ethereum price: an indication of a long-term bearish trend reversal?"
How do you think ETH?
the first one I will highlight for alibaba: alibaba does not have a role in the crypto industry especially its influence. alibaba companies are not much different from ebay, and I think whatever they say about crypto is stale and obsolete.
for ethereum's future, ethereum is a platform that is always used by ico as a wallet. in other words the future and its growth will continue to occur even though the situation is difficult at this time