Ethereum Price Could Rebound to $700 Later Today if Momentum Remains Solid

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howlermunkey
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Ethereum Price Could Rebound to $700 Later Today if Momentum Remains Solid

Post by howlermunkey » Sun May 13, 2018 10:19 am

THE ETHEREUM PRICE REBOUNDS STRONGLY
It is evident this week has seen its ups and downs as far as all cryptocurrencies are concerned. All markets have lost significant value this week, but it seems a lot of losses are being recovered in quick succession. For the Ethereum price, the dip was quite steep, as the value went from $800 to $644 in very quick succession. This is mainly due to speculation in South Korea regarding the Upbit exchange.

Over the past 24 hours, however, things have certainly improved for the Ethereum price. With a 5.25% gain, there is some temporary reprieve as of right now. Although the Ethereum price still hasn’t recovered to $700, it seems that might happen at some point later today. The Sunday cryptocurrency momentum is always a bit odd, as it contradicts what most people would come to expect at this point in time.

This Ethereum price rise is also facilitated by strong gains in the ETH/BTC ratio. More specifically, Ethereum has gained 3.68% over Bitcoin in this regard. While not necessarily spectacular, it is still a pretty interesting trend to keep an eye on. With Bitcoin’s value now going up as well, the cryptocurrency industry as a whole might show some signs of recovery for this weekend. It is still too early to say for sure how things will play out in this regard


https://themerkle.com/ethereum-price-co ... ins-solid/

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Re: Ethereum Price Could Rebound to $700 Later Today if Momentum Remains Solid

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