RATE Group | Ethereum Could Rally 80% by May as Altcoins Lead the Ongoing Market Surge
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Ethereum Could Rally 80% by May as Altcoins Lead the Ongoing Market Surge

15 Jan Ethereum Could Rally 80% by May as Altcoins Lead the Ongoing Market Surge

Posted at 02:51h in Ethereum News by

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Ethereum and the aggregated crypto markets have rallied over the past 24-hours, catching the massive upwards tailwind created by Bitcoin’s surge to highs of $8,800. This rally has led ETH to climb into the $150 region as it outperforms BTC and many other major altcoins.

Over a larger time frame, analysts are noting that Ethereum’s recent bullishness and its ability to establish the $120 region as a potential bottom opens the gates for significantly further gains, which could lead the crypto to surge as much as 80% by May of this year.

Ethereum Outperforms Bitcoin as Aggregated Crypto Markets Rally 

At the time of writing, Ethereum is trading up over 7% at its current price of $154, which marks a significant climb from its daily lows of $143 that were set yesterday.

Today’s movement marked an upwards break out of the consolidation phase that ETH has entered last Friday, which subsequently led it to trade sideways around $144 for multiple days.

Today’s surge has allowed ETH to…

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