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11.11 - 13:03
Will Ethereum’s new ATH bear the same results as it did in May
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After months of waiting, Ethereum finally accomplished what investors had been waiting for. By hitting $4,361 on the charts, ETH marked a new all-time high and joined the league of cryptos that have already registered new ATHs of their own.
However, the question remains – Will Ethereum continue to act bullish going forward? Or will it react the same way as it did back in May?
Ethereum’s new all-time high might have come around the same time as other altcoins’ ATH. However, unlike some of the rest, Ethereum’s wasn’t a result of random hype. The altcoin leader has been rising consistently throughout the month and consequently, it breached the long-standing resistance of $4200.
Ethereum price action | Source: Glassnode – AMBCrypto
The hike was
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