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?
I believe that Ethereum is in fact largely dependent on the state of Bitcoin. In the period of growth of BTC, Ethereum price increase starts. Therefore, now we just have to be patient and wait for the market to recover, Ethereum really has an excellent potential for further price increase.