Ethereum resurgence sees climb to $265, leading the market

16 May, 2019
by Ryan Boltman
Analysis
Ethereum resurgence sees climb to $265, leading the market

Ethereum has climbed a dramatic 55% over the past week, seeing prices climb well over $200 again. Can ETH continue the charge through alt season and reach $400? 

Ethereum has had a dramatic run over the past week, climbing well over the $200 resistance and looks set to push for $300 this week if things continue to stay green. 

Ethereum, has seen a 100% gain since the beginning of the year and now rests comfortably around $265, with a dramatic 17% gain on the day, alone. 

Ethereum has always been a catalyst for altcoin making moves after a bitcoin price surge, that was clearly apparent as Ethereum began to climb following the bitcoin price climb over $8,000. 

ETH/USD Chart provided by Tradingview

The possibility for ethereum to continue its upward momentum could see the second biggest cryptocurrency climb back over $300.

Following the tweet from Elon Musk over a week ago where the entrepreneur simply tweeted "Ethereum", the price has since rallied dramatically. Perhaps Elon Musk is the new Ethereum indicator?

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Read more about: Ethereum (ETH)

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