It seems that Bitcoin isn’t the only crypto that is facing a tough time breaking above its original prices. Traders and experts have yet to see Ethereum cross the $300 mark once more recently and many have pulled out with this stunted growth. Some reports have suggested that there is a certain weakness which is more like a psychological flaw rather than a technical one similar to that of Bitcoin. It is all to do with the current limits of the crypto.
At the time of writing, ETH is valued at $231 which is comparatively low for its price range but experts aren’t phased by this. They have labelled it all down to a minor set back saying that a little boost in trading would make this cryptocurrency unstoppable. We have seen coins flourish before but few are calling Ethereum’s rise inevitable. The bold statement that has come forward states that if it crosses the range of $350 – $400, then that is the milestone it will need to be “unstoppable”.
As for what it needs to break through that range, the experts have had their say stating that as it goes with all cryptocurrencies, a mixture of technical and fundamental strength will be needed. Ethereum does appear to be strong on the fundamental front, as its on-chain demand has skyrocketed in recent times. So, what do you think? Is ETH really on the rise? Have you ever considered investing in Ethereum? Is it the next big thing or are other Cryptos going to boom instead? If you have your own opinion on this topic, drop me a message at the chat box or any of the social links and we will be sure to feature you and your opinions.
