After a massive rally towards $421, Ethereum is finally under a consolidation period. One of the largest farming pools, Harvest Finance, was hacked around eight hours ago. Attackers were able to steal close to $24 million in cryptos, making the token's price fall by more than 60% within a few hours. Ethereum seems to have been mildly affected by the incident losing some bullish momentum.
The price is currently right in the middle of the pattern. Bulls seem to have the upper hand after the TD Sequential indicator presented a buy signal on the 3-day chart. Uniswap looks ready for a rebound after weeks of downside action.
XRP is quickly losing market dominance after hitting a high of 3.08% on October 20. Currently, the digital asset has around 2.89% dominance, having lost approximately $700 million in market capitalization over the past four days. It’s unclear whether Garlinghouse’s comments will have any direct impact on the price of XRP.
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