Ethereum: The second largest Cryptocurrency could reach $700 if Bulls push for another cycle
Lately, Ethereum has seen a huge rise following Bitcoin’s performance upwards, leading the price at $640, but it quickly retraced at $600 and currently sits at $606.
ETH was performing nicely at $620 before it starts dropping the price at almost 10%, losing about $100 in just a few hours. However, it immediately retraced back at $600 and topped at $610 before it returns back at its current value, $606.
Someone would say that all these ups and downs are a simple coincidence just like Bitcoin’s price movements. This time, analysts are against coincidences, claiming that everything has to do with the launch of the new version of Ethereum 2.0 aka Serenity.
If Ethereum manage somehow to stay above $600 then the next resistance level will be at $620, which is marked as the first level of resistance lines.
In addition, if investors-traders win the $620 mark, then next resistance line is at $650, $687 and finally at $700 in order to hit a new yearly All-Time High.
Analysts are confident about having a new yearly ATH by the end of 2020 for both of the largest cryptocurrencies!
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