Ethereum’s price has successfully regained momentum with a jump of over 7% today. This has resulted in the largest altcoin by market cap reclaiming its important $2,000 price mark.
Following this, the altcoin market has displayed a sense of relief, with this market segment recording a notable jump over the past few hours.However, traders are still concerned about the short-term price prospects of Ethereum as the possibility of a bearish pullback is relatively higher at this point.
Moreover, questions such as “Is this a crucial time to sell your Ethereum?” are taking over the internet.As per the latest reports, the developer and co-founder Ethereum, Vatalik Buterin has sold various assets to obtain a total of 71.697 ETH yesterday.
This speculates the possibility of a major crypto event in the upcoming time.On the other hand, Tron founder Justin Sun has made the headlines by staking 60,000 ETH worth ~$114 million on Lido. Following this, Justin Sun will receive 1,740 Ethereum tokens annually until his ETH holding is staked.Moreover, the upcoming Pectra upgrade has also sparked excitement within the Ethereum community which sees greater potential for ETH price in coming months.#ETHBreaks2k #ETH🔥🔥🔥🔥🔥🔥 $ETH