The post This is When Ethereum’s Price May Surge More Than 25% to Hit $1650! appeared first on Coinpedia Fintech News
The global crypto market capitalization has surged beyond $850 billion yet again after the markets witnessed a notable jump. The top cryptos, BTC & ETH have been under tremendous pressure since the beginning of the month. With a slight release of the pressure, the Ethereum price surged beyond the pivotal levels at $1250 to reach $1270 at the moment.
Ethereum price displayed acute strength in times of crash and bearish market trend and maintianed $1000 support levels. Hence it was believed that the price may eventually re-instigate a significant upswing which appears to have materialized in the past few hours. Therefore, The price is believed to continue with a bullish trend and eventually secure levels beyond $1600 soon.
The ETH price with the recent price action sliced through the crucial resistance and if it successfully closes the day’s trade beyond these l
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