Ethereum Price Prediction: Here’s Why ETH Could Soon Breakout

[Fariwala]

The Ethereum price has been in consolidation mode in the past few hours. ETH is trading at $1,806, which is 40% above the lowest level last week and 11% below its all-time high.

Ethereum news: ETH has been in a strong upward trend this week because of four main reasons. First, after crashing to $1,293 last week, many long-term investors started to buy the dip, leading to higher demand. Indeed, further attempts to retest last week’s low failed several times.

Second, the price rallied as part of the overall cryptocurrencies rally. Indeed, Bitcoin is slightly below its all-time high and there is a possibility that it will test $60,000 during the weekend. Other currencies like Litecoin, Bitcoin Cash, and Uniswap have also rallied substantially.

More info: https://www.google.com/amp/s/www.investingcube.com/ethereum-price-weekend-prediction-heres-why-eth-could-soon-breakout-cryptocurrencies/amp/