Ethereum’s intense uptrend seen throughout 2020 reached a boiling point in early-February, with ETH’s break above $200 allowing it to incur parabolic momentum that led it to highs of $290.
Although the crypto has retraced from these highs, its mid-term market structure still remains firmly bullish, and many analysts are now noting that this will likely allow the crypto to soon rally to fresh year-to-date highs.
This potential bullishness may also be driven by the fundamental growth seen by ETH over the past couple of months, with its strong network activity making it a convincing value investment for long-term investors.
At the time of writing, Ethereum is trading down just over five percent at its current price of $264, which marks a significant decline from daily highs around $285 that were set at the peak of its recent rally. Read More