๐ Ethereum is on an exciting upward movement
The price has strongly bounced from $2,584 towards $4,500+, driven by high trading volume and the re-entry of large investors.
We are monitoring the breakout of the resistance range $2,645โ$2,700 as a potential signal for further upward movement.
Over the past week, we have seen an increase of about 9% reaching $4,716, while maintaining a new peak around $4,954 recently.
Despite a slight pullback, the fundamentals are in favor of ETH: continued institutional inflow and corporate interest, especially after news of companies like ETHZilla purchasing significant amounts of ETH.
What do you think? Do you expect the upward trend to continue or a correction towards a pullback?