Ethereum price action has not been immune to the broader effects weighing on risk-on markets. Fears of an imminent invasion of Ukraine by Russia have sidelined many market participants or have scared off investors entirely. However, a new bull market and expansion move may be developing for ETH.
Cloud solutions provider Guardrail has announced the availability of the Algorand Blockchain on AWS. The release of the Algorand Blockchain on the AWS marketplace makes it possible for users to securely deploy and operate nodes. Analysts note a bullish divergence in Algorand price trend as V bottom appears.
Polkadot (DOT) price is seeing plenty of ask prices hit by buyers as price action bounces off the $17-handle and markets breathe a sigh of relief on possible new talks underway between Biden and Putin. With the rally underway, one risk needs to be underlined, and that is the emergence of a possible bull trap.
