RATE Group | These Factors Could Catalyze a Massive Ethereum Rally of at Least 100%
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These Factors Could Catalyze a Massive Ethereum Rally of at Least 100%

07 Jan These Factors Could Catalyze a Massive Ethereum Rally of at Least 100%

Posted at 01:58h in Ethereum News by

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Over the past several days, Ethereum (ETH) has incurred some serious upwards momentum that has allowed it to outperform Bitcoin and put a significant amount of distance between its current prices and its recent lows of $120.

This momentum has come about concurrently with the ongoing recovery seen across the aggregated crypto market, and analysts are now noting that there is a myriad of factors that could ultimately send ETH surging over 100% in the near-term.

Ethereum Keeps Climbing as Technical Strength Builds

At the time of writing, Ethereum is currently trading up just under 3% at its current price of $142.30, which marks a notable climb from its recent lows of $126 that were set earlier this week.

ETH has been outperforming Bitcoin as of late, and today it is trading up 2% against its BTC trading pair. Ethereum’s ongoing recovery largely stems from Bitcoin’s current price action, which is widely being characterized as bullish by analysts and investors alike.

While zooming out…

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