ETHEREUM IS A HOT TOPIC FOLLOWING 2.0 LAUNCH; WILL THIS BOOST ITS UPTREND?
Ethereum has been closely tracking Bitcoin’s price action as of late, which means that it may continue consolidating below its recently set highs of $620 until BTC can break above its all-time highs.
One recent event that could prove to be a catalyst for ETH is the launch of Ethereum 2.0. This has created a lot of hype surrounding the blockchain and may continue doing so in the mid-term.
An analytics firm explained in a recent tweet that since the launch began, discussions of Ethereum have surged, which could be a bullish sign.
At the time of writing, Ethereum is trading up just under 3% at its current price of $613. This marks a notable surge from where it was just one week ago when its price plunged below $600 and reeled all the way to $490.
The support at these lows was quite intense and helped slow its descent. It bottomed around the same time as Bitcoin, which reached lows of $16,400.
Read more here (https://bitcoinist.com/ethereum-is-a-hot-topic-following-2-0-launch-will-this-boost-its-uptrend/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-is-a-hot-topic-following-2-0-launch-will-this-boost-its-uptrend)