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?
Unfortunately, now the entire crypto market is experiencing very difficult times. Of course, Ethereum remains the most successful and reliable altcoin on the market today. But while prices continue to fall. In any case, over time, the situation should normalize - I think that this will happen by the end of next year.