The post Ethereum Price Prediction-ETH Price May Reach These Levels by the Month End appeared first on Coinpedia Fintech News
The crypto markets appear to have emerged from the bearish influence to a large extent as the prices of most of the tokens have been bullish for quite a long time. Amongst all, Ethereum displayed a calculated approach without getting severely impacted by the bearish actions. Hence, the buzz created around the ETH price helped the token to maintain its strength, leaving the bears red-faced.
In the meantime, nearly $26 million worth of short positions has been liquidated in the past 24 hours which gave bulls slightly more advantage than the bears. Alongside, the US equities also witnessed a significant bounce in the times when the interest rates were hiked by the FED. This signals the strong mindset of the investors who are prepared to take bigger risks.
Moreover, the upcoming Shanghai upgrade may be the major catalyst for the ETH price rally in the coming days.
Also Read : Altcoin Season On Horizon: How Bitcoin and Ethereum Are Poised to Perform
The ETH price is currently hovering just above the major resistance levels just above $1700 and accumulating gains to leap long beyond interim resistance at $1856. Once these levels are secured, then a notable upswing may kick in that may soar the prices beyond $2000. In the meantime, the upgrade may be rolled out that may accomplish the task of testing the higher targets.