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Ethereum’s price will reverse course and reach fresh all-time highs.
The purchasing volume for Ethereum has exploded as a result of the shift in emotion triggered by the US central bank’s rate decision.
With a U-turn maneuver, ETH bulls are clawing back against the bears.
If this surge continues through Christmas, fresh all-time highs for 2021 are likely.
After hitting new all-time highs just a few days earlier, Ethereum (ETH) saw significant whipsaw price activity in November as a result of Bitcoin’s falling knife incident. Since then, the price of ETH has been hunting for a place where bulls may congregate and feel secure enough to support price movement. After bouncing off $3,687, anticipate a rebound through Christmas to push the price back up above $4,646, with new all-time highs probable by year’s end.
The Ethereum bulls are making a comeback.
Ethereum price movement spanned 30 percent in only one week, establishing new all-time highs and creating a new low for the last quarter of the year, making trading difficult and not for the frail or weak-hearted investor. Bulls, on the other hand, took advantage of the US central bank’s shift in tone to enter the window of opportunity at $3,687. With that, bulls only needed one trading day to reclaim the $4,063 level.
