Latest Ethereum price and analysis (ETH to USD)

Ethereum has experienced a bullish week of price action, surging by more than 17% as it battles with the $3,000 level of resistance.

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.

ETHUSD chart by Tradingiew

But that would also depend on Bitcoin mounting a continued charge to the upside, with the original cryptocurrency losing pace around the $43,000 level.

A rejection from here for Bitcoin back below $40,000 would signal bullish exhaustion, which would trickle down to all altcoins like Ethereum.

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.

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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:

Ethereum adopts ERC-1155 as an official standard

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: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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