The world’s second largest cryptocurency was struggling around the $2,500 mark this time last week as the market suffered a lack of volume and momentum.
Now, however, the tide seems to have finally turned with Ethereum hitting its highest price since February 17.
It’s worth noting that the $3,050 region is the point where price rejected at the start of March, a clear break above this level would signal a period of continuation to the upside.
If a rejection comes into fruition, Ethereum is expected to re-test $2,500 before potentially heading lower over the coming weeks, with an ultimate target down at $1,750.
Buterin had proposed that Bitcoin needed a scripting language. He decided to develop a new platform with a more general scripting language when he couldn’t get buy-in to his proposal.
More Ethereum news and information
As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.