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12 May 2021

Why Ethereum’s Unstoppable Rally Could Cool Off at $3K

Why Ethereum’s Unstoppable Rally Could Cool Off at $3K


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Pseudonym trader “Edward Morra” has followed ETH’s price rally closely for the past days.

The trader also pointed to the ETH price chart for the past 3 months when the cryptocurrency broke $1.000 and 2.000.

Almost immediately after, the price experienced severe corrections, as showed in the chart below.

Demiros’ firm has determined that ETH’s bullish sentiment is on the rise as the cryptocurrency saw $34 million inflows for its investment product last week.

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