Price Analysis

Latest Ethereum price and analysis (ETH to USD)

Ethereum continues to remain under the control of an apparent cryptocurrency bull market as it moves into the weekend 25% higher than it was last week.

At the time of writing, Ethereum was trading back above the $270 level as it takes aim at the $276 level of resistance.

The recent rally has seen ETH trade at its highest point since July 2019, which came one week after its yearly high of $365.

A clear breakout above $276 over the weekend would open the metaphorical floodgates ahead of a major move to the upside, with price targets remaining at $293 and $335.

The fact that Ethereum has shown more strength than Bitcoin this week – particularly in light of Bitcoin’s upcoming halving – demonstrates how strong the altcoin ecosystem may be as it moves into another bull market.

In 2017 it was commonplace to see the more volatile altcoins surge by up to 3,000%, with Ethereum rising from $7 to $1,420 in 12-months.

However, altcoins that often find themselves the recipient of a tremendous rally to the upside also face the risk of a daunting descent to the downside due to the lack of liquidity compared to Bitcoin.

That is why even though an altcoin chart may look bullish, the best course of action is to take precaution as they are often far more unpredictable.

For more news, guides and cryptocurrency analysis, click here.

About Ethereum

Ethereum was launched by Vitalik Buterin on July 30 2015. He was a researcher and programmer working on Bitcoin Magazine and he initially wrote a whitepaper in 2013 describing Ethereum.

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

If you want to find out more information about Ethereum or cryptocurrencies in general, then use the search box at the top of this page. Please check the below article:

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.

You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news.

Disclaimer: This is not financial advice.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.

Disqus Comments Loading...

Recent Posts

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

24 mins ago

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

4 weeks ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

1 month ago