Guess who's back... Yes, it's Ethereum! New All Time High today after 2 months of lateralization.
During past few hours, Ethereum has broken its previous all-time high of $2,041, set on February 19, 2021.
Several forces are pushing Ethereum price higher, here are the ones that in my opinion are providing a strong bullish impact:
- According to Cointelegraph, derivatives data suggests bulls are preparing to push ETH price higher. Full article here: https://cointelegraph.com/news/161m-ethereum-options-expiry-tilts-toward-bulls-as-eth-flips-2k-to-support?utm_source=Telegram&utm_medium=social
- According to Cointelegraph, Ethereum options traders are placing big bets on an ETH rally in June as EIP-1559 approaches. EIP-1559 will remedy the problem of very high gas fees and will introduce a supply burning mechanism. Full article here: https://cointelegraph.com/news/ethereum-season-eth-options-traders-are-placing-big-bets-for-june?utm_source=Telegram&utm_medium=social
So here we are, celebrating a new Ethereum All Time High, do you think this bull run will have continuation in these days?
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