Ethereum Price is on Target to hit $400 in the Near Future
Ethereum Price is on Target to hit $400 in the Near Future
Now that this week’s Bitcoin craze has finally calmed down a bit, most altcoins are mounting a strong comeback.
The Ethereum price is certainly moving up nicely over these past 24 hours, thanks to a 6.49% gain in USD value.
With the Ethereum price pushing back toward the $350 mark, the world’s biggest altcoin is slowly recouping some of the losses sustained earlier this week.
Ethereum Price Heads Back Toward $350
No one can deny the past month has been pretty interesting for Ethereum holders.
There have been some good moments and a significant dip as well.
More specifically, the Ethereum price dipped to just below $200 less than a month ago.
For a lot of people, this was a clear indication to stock up on some Ether as a way to make profits later on.
The people who pursued this option will be quite pleased with how things have gone recently.
Ever since that big dip, the overall trend for Ethereum has been bullish.
More specifically, the dip was followed by a rather quick bounce back to $258, indicating things would continue to head in the upward direction for some time to come.
Right now, the Ethereum price is closing in on the $350 mark, further confirming the upward trend which has been forming for quite some time now.
Whether or not the Ethereum price will reach a new all-time high in the future, remains to be seen.
If this trend keeps up, there is no reason to think Ethereum won’t be worth $400 or more before the year is over.
Some people expect an Ethereum price of $1,000 in the near future, although that may be a stretch too far.
After all, that would put the Ethereum market cap at over $95bn, making it surpass Bitcoin in the process.
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