Shorting Ethereum before Q4 2019 would’ve been a good idea — here’s why

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Reported today on TheNextWeb

For the full article visit: https://thenextweb.com/hardfork/2020/01/22/ethereum-price-q4-2019/

Shorting Ethereum before Q4 2019 would've been a good idea - here's why

Ethereum is the world's second-largest cryptocurrency by market cap.

It was created because its co-founders wanted to fulfill the need to build a platform that would enable users to write decentralized applications and use the Ethereum blockchain as a world computer.

Ethereum has been credited with making smart contracts a key part of the blockchain conversation and showing the world how blockchain technology can be used far beyond the applications of just cryptocurrency.

[Read: Ethereum had a less than stellar Q3, intense 6 months ahead as ETH 2.0 looms - here's what happened]

Before we take a look at how Ethereum performed during Q4 2019, let's remind ourselves about what happened during the first nine months of last year.

Ethereum's movements in Q1

Ethereum's performance during the first three months of the year was relatively boring.

Its trading price was stable, and its price swings were largely more conservative.

ETH opened 2019 at $137 and a week-long rally saw it reach $156 by January 7, incidentally the highest value seen f



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