RATE Group | Why Ethereum Is Poised for To Bottom and See 100% New Year’s Rally
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Why Ethereum Is Poised for To Bottom and See 100% New Year’s Rally

01 Jan Why Ethereum Is Poised for To Bottom and See 100% New Year’s Rally

Posted at 23:25h in Ethereum News by

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2019 proved to be a positive year for the aggregated cryptocurrency markets, with Bitcoin posting a stunning surge of nearly 100%, while altcoins had mixed performance, with Ethereum (ETH) dropping marginally while XRP posted a massive 45% drop.

Analysts are now noting that Ethereum could be on the cusp of seeing significantly further gains, with the strong support around its current price levels potentially allowing it to surge as much as 100% in the near-term.

Ethereum Breaks Back Above $130 as Bulls Continue Defending Key Support Region

At the time of writing, Ethereum is trading up over 1% at its current price of $132, which marks a notable climb from its recent lows of $128 that were set just a couple of days ago.

Over the past few weeks, ETH has been finding significant support within the $120 region, with its multi-month lows currently existing at $120 and another key support level existing at $125.

The cryptocurrency’s ability to hold strong above this support region certainly…

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