On Sunday Ethereum price ramped up an amazing 12%+ upside move. Does this mean Feb 5th drop to $100 was the 2019 bottom for Ethereum?


Ethereum Price: Market Overview

On Sunday Ethereum (ETH) 00 shifted into beast mode and steamrolled past the $125 and $130 resistance levels and onto new monthly highs. Analysts will probably spend the first few hours of the day trying to explain away what could have fueled such a spectacular move.

Perhaps it was ETH Denver?

Maybe its hype building up to Constantinople 2.0 and the 3rd’ning fast approaching on February 25 – 27?

Possibly ETH bottomed when it touched $80 on December 15 and $100 on February 5th?

Alternatively, it’s possible that bulls are just chasing the money and throwing dosh at whatever chart has the most pleasing technical setup. Regardless of the reason, it’s good to…

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Source: https://thebitcoinnews.com/ethereum-price-analysis-bulls-make-their-move/