RATE Group | Ethereum Could Be in The Early Stages of Its Next Journey to All-Time Highs
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Ethereum Could Be in The Early Stages of Its Next Journey to All-Time Highs

01 Feb Ethereum Could Be in The Early Stages of Its Next Journey to All-Time Highs

Posted at 01:34h in Ethereum News by

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Ethereum has seen some incredibly strong price action over the past several days and weeks, with ETH’s massive 2020 rally coming against the backdrop of immense bullishness within the aggregated cryptocurrency markets.

Ethereum’s bulls have even been able to maintain its newfound position within the $180, in spite of the drop seen today by Bitcoin and other cryptocurrencies.

Analysts are now noting that the macro situation for Ethereum is becoming incredibly bullish, and that the rally seen over the past few weeks could mark the start of its journey to fresh all-time highs.

Ethereum Holds Above $180 as Analysts Eye Significant Near-Term Upside

At the time of writing, Ethereum is trading down just over 2% at its current price of $180.50, and it is currently trading down from 24-hour highs of just under $186 that were set earlier this week.

It is important to note that the cryptocurrency has been able to bounce from daily lows of $176 that were set in tandem with Bitcoin’s drop to…

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