The leading cryptocurrency Bitcoin (BTC), which launched a new surge the other day and recorded an all-time high of. This increase in Bitcoin has also affected altcoins. So much so that the popular cryptocurrency Ethereum (ETH), Re-updated ATH.
Ethereum Is Not Slowing Down, ATH Has Been Updated
It is the second largest cryptocurrency in terms of market capitalization Ethereum (ETH) reached the level of 4.762 dollars in the morning of last day, setting an all-time high.
However, Ethereum continued its rise last evening and updated ATH once again. So popular cryptocurrency ETH made some correction from the 4.763 dollar level and then moved back up again. The price has reached the level of 4.700 dollars from 4.823 dollars and updated the ATH.
On the other hand, it is popular cryptocurrency its unit is in Ethereum (ETH) the $5,000 ride continues. The price is currently located quite close to the $ 5,000 level. Therefore, we can talk about $ 5,000 in the near term on Ethereum.
While the price continues to increase as of the moment the content was written ATH updated once again with $4,835. According to data provided by CoinMarketCap, Ethereum has increased by 2.38% in the last 24 hours and currently continues to see trading at the level of 4.828 dollars.
Ethereum Price Expectations
Popular altcoin Ethereum (ETH) started a rally the other day and registered a new ATH in the morning. So much so that in the event of another long rally in Ethereum, Ethereum can test the critical level of $ 5,000.
On the other hand, with ETH surpassing the psychological level of $ 5,000, there is a good chance that it will rise to $ 6,384.
But when we look at the bad scenario, regardless of the bullish outlook, Bitcoin pricein the event of a major correction in the market, investors can expect the Ethereum price to respond by returning to the support base of $ 4,000 or $ 3,600.
The information contained in this article absolutely does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.