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 Ethereum price rallies to 2-week high above $2.8K — Data suggests it’s a pump-n-dump Cointelegraph 17 Feb 2025

Ethereum price rallies to 2-week high above $2.8K — Data suggests it’s a pump-n-dump 📈

Ethereum's price experienced a notable rally, reaching a 2-week high above $2.8K. This surge followed the launch of a new memecoin protocol, which initially generated excitement in the market.

However, market data indicates that traders are cautious and possibly skeptical of the sustainability of this rally. The movement has characteristics of a pump-and-dump scheme, as traders appear to be hesitant in fully embracing the hype.

Source: cointelegraph.com ↗

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