Breaking: Ethereum explodes to new yearly high, validating upward price action

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jay279

Guest
Ethereum has ascended to new yearly highs after breaking the recent peak achieved in January. The flagship altcoin is trading at $1,372 amid the push for gains eyeing $1,400. However, a daily close is required above $1,350 to validate the uptrend.
As reported on Monday, Ethereum’s expected uptrend has been validated by on-chain metrics such as the network growth and the high number of whales. From a technical perspective, short term analysis suggests that buyers will remain in actin a while longer, especially with the 50 Simple Moving Average above the 100 SMA.
 

Donkiz

Active member
In cryptocurrency business, price movements are normal and expected. With the high price of bitcoin is expected that some investors will start looking for altcoins to invest in and ethereum is surely the next most attractive coins after bitcoin.

This price increase is actually a signal that the prediction of some analysts and market watchers that this year will be the year of altcoins might come to pass. So it's expected that major players will also start investing in altcoins just as they did with bitcoin, if this is to happen, then ethereum will benefit the most from it as the most valuable and most popular of all altcoins.
 

Josemendez

Verified member
I am not surprised by this new height that ethereum just achieved. I have always been of the opinion that ethereum will soar high this year.

When investors have seen that Bitcoin is soaring higher with days , they somehow saw the need to also invest in ethereum .
Also , the projects built in ethereum , especially the Erc-20 tokens have been on the rise ,and this surely will have positive effect on the price of ethereum .

Another factor responsible for this is the ethereum 2.0 that was launched , ever since the launch , there has been many improvements with respect to the price of ethereum.
 
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