The second-largest cryptocurrency by market cap is making strides once again. After a quiet couple of weeks that was marked by price correlation to Bitcoin, Ethereum is once again breaking away. Again, it is being pushed by Ethereum 2.0. The upgrade will be performed in phases, starting with Phase 0 set for later this month. In anticipation of a heavy pump, bulls are FOMOing hard with expectations of topping above $500.
This high was first foretold by Crypto Michaël when the altcoin was still under $350. At the time, it looked like a far-fetched scale. For most traders, it was only clear that the target was achievable once it broke above $400. The break above this high was held at $440 before a retracement ultimately led to a low of $385 from where bulls accumulated and strengthened their positions. Their effort has been rewarded with Ethereum now setting a new high after the digital asset climbed as high as $445 in the last 24 hours.
Tron’s gains come off the back of Justin Sun’s pre-announcement where he promised big things to come that will hugely benefit “$TRX/ $BTT/ $JST/ $WIN & the whole #TRON community”.
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