Ether Prices Reached A Fresh High Today—What’s Next?

SourceForbes
SectorFinancial Markets
CountryMiddle east

Technical analysts weigh in on where ether might go next. (Photo by Jaap Arriens/Sipa USA) (Photo by … [+] Jaap Arriens/NurPhoto via Getty Images) Ether prices have been on a tear lately, breaking through $3, 200 this morning and then setting a string of fresh highs. At the time of this writing, the world’s second-largest digital currency by market value was trading above $3, 400, according to CoinDesk data.

The cryptocurrency has had a great year thus far, seeing as how it was trading below $750 at the start of 2021, additional CoinDesk figures reveal. Considering the sharp gains the highly prominent digital asset has experienced lately, several technical analysts offered some perspective on where ether prices might go next. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] “It would seem that ETH could move to $4, 000, overshoot that level...read more...