After what seemed to be a rather rocky start to the new week, the top markets are finally pulling through. Bitcoin is still on wobbly legs, but Ethereum isn’t intent on waiting for things to happen. In fact, the Ethereum price appears to be genuinely bullish right now, as the push to $200 is still going strong.
Ethereum Price Won’t Back Down
It is rather remarkable to see how all of the cryptocurrency markets responded to what appeared to be bearish momentum. A bit of negative price pressure was to be expected today, although it seems no real damage has been done in the process. Ethereum is a key example of how quickly things can turn around, as the market is firing on all cylinders once again.
More specifically, the Ethereum price has risen by just over 6% to $178.24. There is also a 4.48% gain in ETH/BTC, as that ratio has reclaimed the 0.0341 BTC level successfully. With over $9.6bn in trades, it seems the demand for ETH will not necessarily slow down either. How that will affect the price, is up in the air.