Ethereum: After 7 Straight Monthly Green Candles, $ETH on Verge of Breaking $3K
On Saturday (May 1), as the Ethereum ($ETH) price got within $56 of breaking through the $3,000 level, crypto analyst Josh Rager said that “the previous bull market looks like a baby pump compared to now.”
Data by TradingView shows that Ethereum closed April green, which means that Ethereum has had seven consecutive monthly green candles.
This achievement did not go unnoticed by crypto analyst Josh Rager, who said that Ethereum’s current bull run is making the previous bull market cycle seem like a “baby pump”.
As for today’s price action, on crypto exchange Coinbase, the Ethereum price hit $2,944.44 at 18:01 UTC, setting a new all-time high, which is less than $56 shy of the $3,000 level.
Narek Gevorgyan, the Founder and CEO of CoinStats, explained why he is so bullish on Ethereum right now:
Featured Image by “elifxlite” via Pixabay.com
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Source: Read Full Article