Ethereum has put up a very interesting show over the past day. The price of Ethereum has surged significantly higher, breaking the short-term Ethereum price prediction of $200. Ethereum is now looking to break the next Ethereum price prediction of $300, after surging by more than 19 percent over the past twenty-four hours. Ethereum is the second largest digital currency in the world by market cap, according to CoinMarketCap. ETH USD price is now hovering around the $260 level. The significant increase in the price of Ethereum has steered more bullish Ethereum news today that could drive Ethereum price towards the $300 mark in the coming days.
Ethereum (ETH) Experiences Increased Trading Volume – Ethereum Is One of the Best Crypto to Invest in 2019
Over the past day, the trading volume of Ethereum (ETH) has been on the high side. The trading volume of Ethereum over the past twenty-four hours is $15.81 billion. This is the highest trading volume the digital currency has seen this year. A lot of digital asset investors and traders are buying and selling. Some are increasing their ETH holdings, as they believe that the price of Ethereum will continue to surge higher. According to data on CoinMarketCap, the highest trading volume of Ethereum appears on ZBG and EXX exchange. The major trading pair of Ethereum across all top digital currency trading platforms is Tether (USDT).
The Reason Behind the Massive Boost in the Price of Ethereum – Ethereum News Today
The fundamental reason behind the massive surge in the prices of digital currencies in the market is the significant increase in the price of Bitcoin (BTC). As BTC USD price increased, it carried the rest of the market along. While Bitcoin price ignited the crypto bull run, the price of Ethereum skyrocketed due to some other bullish Ethereum news. Recently Samsung announced that it would extend support to Ethereum. The present wallet in the Galaxy phones of Samsung now supports Ethereum based ERC20 tokens.
Another factor that pioneered the sharp price rally of Ethereum is the recent Ethereum Dapp bet. Recently, there was a bet between Joe Lubin of Ethereum and Jimmy Song – a Bitcoin educator. They made the bet at Consensus 2019 and this increased the buzz around Ethereum. The bet has to do with the five-year future of Ethereum. If Ethereum Dapp economy crashes in the next five years, Lubin will send approximately 7 Bitcoins to Song. But if it doesn’t crash in the next five years, Song will have to send 810 Ethers to Lubin.
Ethereum Price Analysis – Ethereum Price Prediction – Ethereum News Today – Ethereum Price Forecast – ETH USD Price
At the moment, the price of Ethereum (ETH) is still soaring high. Ethereum (ETH) just tested a new yearly high, and it looks set to test more highs. At the moment, Ethereum is supported at the $258 level. On the upside, the digital currency is capped at the $270 mark. A break over this level will pave the way for more gains towards the $300 mark.
Ethereum (ETH) Price Today – ETH / USD
At the press time, ETH USD live price is $263 after an increase of almost 20 percent over the past twenty-four hours. The current market cap of the digital currency is $27.72 billion. The trading volume of Ethereum over the past day is $15.81 billion.