Ethereum (ETH) is directed towards recovery with the latest gains


Ethereum (ETH) approaches $ 160 per unit, currently at $ 154 after the crypt hit $ 158 at some point at the start of January 5th with an increase of almost 6% in the last 24 hours.

ETH now registers just under 5% of earnings, also recording about 14% of increases over the last week.

At the same time, Ethereum represents one of the major commercial currencies in the top 10 list of last week, which is how Ethereum managed to return to its former second largest cryptocurrency rank.

Previously, when Ethereum immersed himself during the famous dives of November 2018, ETH lost its place in Ripple because the third largest cryptocurrency was now one of the rare exchanges of criptos on the back green, also show less drops to oppose his crypto-colleagues.

However, the ETH has returned a bit back in the period of one month, clearly showing significant progress in the market.

Ethereum (ETH) records over 50% of positive returns over the last 30 days

After falling more than -89% since it reached its all-time high of around $ 1,400, Ethereum is finally showing significant progress in the market going to the value of $ 160.

Ethereum is also showing positive returns over the last seven days, while we can see that cryptography increases by 15% over the course of a week and even by 43% over the last 14 days.

Ethereum also got 51% of earnings in just one month, which allowed a smooth return to the cryptocurrency that has been plunging for months, touching new lows and even dropping below the $ 90 value at some point .

However, Ethereum was not the only resource affected by bear trends, as the entire market lost 80% of its total value in the course of a year.

What is the value guide for Ethereum Up?

Ethereum is preparing for a very significant update in the coming days as the network will release the rigid fork of Constantinople that should take place once the height of the block reaches 7.080.000.

Between January 14thth and 18th, the fork will be held, which should prepare the network for the implementation of Proof of Work, in order to make the network ready for scalability solutions.

Ethereum Weekly Chart (ETH) – Coinlib

However, it seems that the market is doing more than good, since many better crypts have managed to recover from the previous lows brought by the price cut in November 2018.

Moreover, Ethereum is going through major changes in the network, as presented in the new roadmap for 2019, which will probably increase the value of the project and perhaps even regain the outgoing investors.

It is also said that the new changes will pave the way for up to 1 million transactions in a second on the network, which could help the Ethereum network recover its old glory.

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