Ethereum Price Moves Upwards After Some Consolidation

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Ethereum’s price suddenly jumped today by around 5% at the time of writing, quickly rising from $90 to $94 in what may be a break-out move upwards, which may suggest a potential bull run.

Ethereum’s price jumps after some consolidation.

The currency has sort of been moving sideways for the past five days, which isn’t really a long time, but traders began to feel very bored, taping their fingers and trying to poke eth into movement.

It may be somewhat early to say, but the currency is now moving and it seemingly has decided to move upwards, perhaps headed for $100, a significant psychological threshold and resistance point.

It didn’t touch it last time, stopping at around $97 in a contemplative manner, seemingly wondering whether it should break $100 or not. The market’s decision then was, nah, aided by some Kraken shenanigans which

Read more ... source: CryptoCoinsNews

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