Latest Ethereum price and analysis (ETH to USD)

Following a decidedly low volume weekend of price action Ethereum has continued to climb back towards the $219 level of resistance as it seeks a long-awaited breakout.

The world’s second largest cryptocurrency, which has a market cap of more than $23 billion, has rallied against both its USD and BTC trading pairs over the past 24-hours.

Against the Dollar it is 4.04% up while it has risen 3.22% against Bitcoin after a confident bounce from the 0.0205BTC level of support.

It’s worth noting that Ethereum has now made four consecutive higher lows against Bitcoin since September 2019 to suggest that a bullish reversal may be on the cards.

A potential target has emerged at 0.028BTC as this was the high in February but it also heavily depends on the trajectory of Bitcoin over the coming weeks.

As extensively reported on by Coin Rivet, Bitcoin underwent a block reward halving last week with analysts tipping it to be the catalyst for a cryptocurrency bull market.

Bitcoin did respond as…