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Ethereum has climbed a dramatic 55% over the past week, seeing prices climb well over $200 again. Can ETH continue the charge through alt season and reach $400?
Ethereum has had a dramatic run over the past week, climbing well over the $200 resistance and looks set to push for $300 this week if things continue to stay green.
Ethereum, has seen a 100% gain since the beginning of the year and now rests comfortably around $265, with a dramatic 17% gain on the day, alone.
Ethereum has always been a catalyst for altcoin making moves after a bitcoin price surge, that was clearly apparent as Ethereum began to climb following the bitcoin price climb over $8,000.
ETH/USD Chart provided by Tradingview
The possibility for ethereum to continue its upward momentum could see the second biggest cryptocurrency climb back over $300.
$eth 👏👏👏💙 pic.twitter.com/wNxDaDlHjK
— siesta_laila (@siesta_laila) May 16, 2019
Following the tweet from Elon Musk over a week ago where the entrepreneur simply tweeted "Ethereum", the price has since rallied dramatically. Perhaps Elon Musk is the new Ethereum indicator?
Why didn't you listen to Elon Musk?? $ETH $BTC #crypto pic.twitter.com/VNQnRy4A56
— Jayden Crypto 💎 (@jayden_crypto) May 16, 2019
Starlink $ETH mission in progress. pic.twitter.com/iKnDob79aL
— Luke Martin (@VentureCoinist) May 16, 2019