Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Cz Rock on May 01, 2021, 03:51:04 PM
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Over the last week, Ethereum (ETH) has been consistently gaining 5% daily and is currently approaching its new milestone of $2900. At press time, Ethereum (ETH) is trading at its new all-time high of $2866 with a market cap of $331 billion.
The recent ETH price rally comes with the surge in the spot trading volumes since mid-April, reports data analytics platform Skew.
Ether spot volumes have materially picked up since mid-April pic.twitter.com/3WqHlWdsl7
— skew (@skewdotcom) April 29, 2021
Analysts are quite bullish on the ETH price rally and said that it isn’t stopping anytime soon. A majority of the market players also believe that the Ethereum (ETH) price can rally all the way up to $10,ooo and above by the end of this year. Let’s take a look at some of the top-ten fundamental reasons backing the bullish momentum in ETH.
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Top 10 fundamental Reasons for ETH to Hit $10K
Market analyst ‘Spencer Noon’ has provided the top-ten reasons why Ethereum holds the potential to hit $10,000 by the end of 2021.
There’s a massive demand currently for the ETH block space as the Ethereum blockchain overshadows its peers with the average daily fee paid around $18 billion.
As of date, the Ethereum blockchain network settles $30.5 billion of value every day which is twice that of the Bitcoin blockchain network.
More info (https://cryptonews.net/en/news/ethereum/599798/)