Ethereum is almost getting it done, but it’s not there yet
Ethereum goes like a rocket, but it crashed into a ceiling.
Although Bitcoin is also on the rise, the crypto world is mainly looking at Ethereum. The best-known altcoin has seen quite a climb in recent months. But Ethereum also has to deal with psychological boundaries, like any financial instrument.
The next big stop is a $2,000 share price. The price has been moving at a level between $1,900 and $2,000 for hours. It has been that way since yesterday afternoon, according to the chart on Coindesk. At the time of writing, it has fallen slightly to a level below $1,900. But that just seems like a temporary thing to catch your breath.
Ethereum as a rocket
Ethereum’s climb is impressive. A month ago, the coin was worth about $1,000. If the $2,000 is broken, a 100 percent increase is achieved in the space of a month. Those are old-fashioned increases for crypto. Something we haven’t seen with Bitcoin in a while.
The Ethereum rocket hasn’t left yet. That 2k has to be broken first. There is still too much resistance for that. If the resistance is broken, it can go fast. Fun to keep an eye on!
