Ethereum Surges 22% In A Week: Is This ETH’s ‘Moment Of Truth’?

Ethereum’(CRYPTO: ETH) is gaining serious momentum with a 22% rally over the past week, with market observers anticipating the rally to continue.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
Ethereum (CRYPTO: ETH) $3,265.27  $393.9 billion +22.6%
Bitcoin (CRYPTO: BTC) $119,227.83  $2.37 trillion +9% 
XRP (CRYPTO: XRP) $2.98  $177.2 billion +26% 

Trader Notes: Crypto trader The Flow Horse says once Ethereum reclaims the $4,000 mark, it will trigger a wave of renewed attention and narrative shift in the market.

Crypto trader Jelle called this a “moment of truth” for Ethereum.

If ETH reclaims its key support zone (the “white box” on his chart), it could ignite a fresh leg higher. Based on current BTC price, a return to 0.065 ETH/BTC could imply an ETH price around $7,700.

Full story available on Benzinga.com