Ethereum Crossed $3,000, Trades at Six Months High
Trading at six months high, Ethereum (ETH-USD) crossed $3,000 in the cryptocurrencies market after a long time. The second largest digital asset climbed over renewed investors’ sentiment.
Data from CoinMarketCap.com showed that Ethereum surged to $3078, up by 2.27% in the last 24 hours in the crypto market. ETHUSD has gained about 18% in the past seven days alone, reaching a new local high of $3,078.
Interestingly, bullish technical structures are starting to emerge that could send the ETH price soaring toward new all-time highs, analysts said. The price appreciation of ETH followed renewed interest from institutional investors.
Trading data highlighted that after reclaiming the $3,000 level for the first time since Feb. 1, Ether exhibits strength in its performance relative to Bitcoin. While Bitcoin slipped to $116,500 on Tuesday, ETH posted daily gains, setting new highs for the week. #Ethereum Crossed $3,000, Trades at Six Months High#
