Ethereum Price Surpasses $285 Again as Momentum Swings in Its Favor

Not too much is going on in the cryptocurrency markets these days. The Bitcoin price is still struggling to regain most of the ground it lost due to the China scare. Ethereum is one of the few currencies bucking the trend right now. Thanks to a 2.5% price increase over the past 24 hours, things are looking a lot better. Whether or not the Ethereum price can reach US$300 again remains to be seen, though.

A lot of Ethereum traders have been waiting for the price to shoot up to US$300 and above. During these times where you have lots of reds signs, it is much easier said than done. It is evident there is still a lot of negative momentum across all markets right now, but something will have to give eventually. Ethereum is slowly setting the tone, thanks to a 2.5% value increase over the past 24 hours.

While that may not seem like much, Ethereum is only one of two top 10 cryptocurrencies to be in the green today. This Ethereum price surge has pushed its value over US$285 again, although many are expecting how the this situation will evolve over the next few weeks. Do keep in mind that this currency’s timeline remark height was just under US$400 on CoinMarketCap.com. It will take a lot of positive momentum just to get close to that mark again.

I guess many will be happy to see If the interlinked between Bitcoin and the cryptocurrency Ethereum is broken. for years now the Price of bitcoin has determine the value of other coin. Hope ethereum will break the chain this year.

All things considered, it seems the hard fork is bringing some positive momentum to the Ethereum price right now. Whether or not this trend will continue is anybody’s guess right now. A lot of ETH holders would like to see the price go back to US$300 and higher, but that may not happen anytime soon. Cryptocurrency markets are still extremely volatile as we speak. Until things settle down a bit, substantial gains and losses will remain visible on a daily basis