The three number of Ethereum cryptocurrency showed a sudden rise in price from $ 113 to $ 137, an increase of more than 14%, with a total trading volume of just over $ 3.1 billion in the last 24 hours.
In the last hours, the entire cryptography market has accepted green price indicators on all cards, with Ethereum reporting impressive gains of over 14%.
After the recent Christmas rally on December 24th, a correction saw that Ethereum settles around $ 125 after slipping back below $ 130 again yesterday.
Read more: Once the ICO market returns, Ethereum will quickly test $ 200, "says BitMex CEO
Ethereum has had a good 2018, but it does not seem that all investors have lost confidence in the currency. Many cryptographic experts believe that with the adoption of blockchain, the price and reputation of Ethereum will increase accordingly.
According to Tom Lee, head of research at Fundstrat Global Advisors, Ethereum is about to gather strong, pointing to its recent heavy losses and stating that the digital currency is well positioned for a recovery, and Joseph Raczynski, the founder of JoeTechnologist. com and a key blockchain influencer with a Twitter following of 153K, it expects the value of Ethereum to reach $ 1,200 by the fourth quarter of 2019.
Although, Ethereum still has ways to go to hit these forecasts, it is clear that the bullish sentiment among many cryptic investors for Ethereum is still alive and well.
Read more: 9 Ethereum pricing forecasts for 2019 by cryptographic experts
For now, Ethereum will have to follow the broader market. In the short run, however, a position above $ 130 is crucial if the currency is to recover soon.
Follow Chepicap now chirping, YouTube, Telegram and Facebook!