Ethereum Hovers Above $1,600, What’s The Next Move?
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The general crypto market has increased in market cap in 24 hours, up by 2.89%. Ethereum (ETH), the second-largest crypto project, is also trading in the green in the same time period. Despite being so early in 2023, ETH has recorded significant price gains in the crypto market. Ethereum is still off its all-time high value, but its price shows resilience with the current upsurge. What Is Driving Ethereum’s Rally? The recent gains recorded could be attributed to the notable projects hosted on the Ethereum network. The Ethereum blockchain remains the most popular blockchain for NFTs. The blockchain is also
Ethereum price is up over 7% and trading above $2,000 against the US Dollar. ETH gained pace after XRP jumped over 80% and cleared $0.90. Ethereum is up over 7% from the $1,850 support zone. The price is trading above $1,980 and the 100-hourly Simple Moving Average. There was a…