ETH Price Holds $1,630, Are Ethereum Bulls Ready To Take Control of The Market?

ETH price is ushering in the new week with noticeable gains after bulls successfully battled calls for a sell-off due to the rising inflation in the United States. After briefly succumbing to selling pressure over the weekend, the most significant smart contracts token bounced off support at $1,600 and is now trading at $1,630 as bulls capitalize on the improving market sentiment.