Ethereum Gains 6.9%: Can ETH Hit $2800 This Week
Ethereum (ETH) seems to have recovered from its recent descent to the sub $2,400 level. The asset is up by 2.7% in the daily charts, 6.9% in the weekly charts, and more than 7% over the previous week. ETH’s price is also up by nearly 67% since October 2023. Despite the rally, the second-largest cryptocurrency by market cap is down 1.8% in the 14-day charts. Also Read: Sell Jio Financial Shares: Enter at 320 Price Level Factors Behind Ethereum’s Recent Surge And Future Price Predictions Source: Changelly Why Is The Crypto Market Rallying? The latest pullback could be due to Bitcoin (BTC) reclaiming the $65,000 level. BTC’s resurgence could be due to investors taking on more risks after an interest rate cut last month. Ethereum (ETH) may be benefitting from the change in investor sentiment. Also Read: YouTuber MrBeast Faces $10M Token Pump-and-Dump Allegations Investors may also anticipate a Donald Trump victory in the upcoming US Presidential elections. Many analysts predict a market-wi