Ethereum Rally Continues: Will ETH Cross $2000 Mark?

The price of Ethereum is trading at $1895, with a 0.64% increase in the last 24 hours. The cryptocurrency market is showing impressive recovery since last week, led by Bitcoin and the anticipation that the U.S. Securities and Exchange Commission (SEC) will greenlight a spot Bitcoin ETF. Many leading altcoins are following the recovery trend of the biggest cryptocurrency. The largest altcoin, ETH, increased its value by over 18% with its jump from $1627 in the midst of this rally. So, is the ETH price ready to continue this rally or will it face a correction in the short term and lose value? Let’s take a closer look at the Ethereum price analysis. Ethereum Price Analysis The daily timeframe chart shows the downward sloping resistance trend line (red) that triggered the recent correction in the Ethereum price. With the recent recovery in the price, buyers made a strong breakout from […] The post Ethereum Rally Continues: Will ETH Cross $2000 Mark? appeared first on COINTURK NEWS.