Ethereum (ETH) has found itself caught within a firm upwards trend over the past month, which has come about in tandem with the uptrend seen by the aggregated crypto markets throughout 2020.
This momentum reached a boiling point yesterday evening when Bitcoin rallied to fresh 2020 highs of $9,500 before finding some resistance, which in turn lead most major altcoins to also post decent gains.
This market-wide bullishness maybe opening the gates for Ethereum to see a significant upwards movement in the near-term that could lead it back up towards its previously established all-time highs.
Ethereum Gains Foothold Within the $170 Region as Markets Show Overt Bullishness
At the time of writing, Ethereum is trading up just under 3% at its current price of $176, which marks a notable climb from its daily lows of under $170 that were set just prior to the crypto’s massive upwards movement.
In the near-term it does appear that ETH will closely track Bitcoin’s price action, as it has struggled to garner any independent momentum throughout the year. Read More...