Ethereum markets initially rallied a bit Friday but gave back gains as we continue to see a lot of noisy behavior.
This is a market that I think has a lot of noise to chew through, not the least of which is going to be the fact that there is a severe lack of risk appetite.
As long as that’s going to be the case, it’s difficult to imagine how this market takes off anytime soon.
Ethereum is pretty far out there on the risk spectrum, and it does make a certain amount of sense that we would see hesitation to get involved in this type of environment.
