Ethereum’s Rebound is “Getting Tired” as Analyst Eyes Move to $520
Bitcoin has been guiding the entire market higher over the past couple of days, with Ethereum rallying up towards the mid-$500 region. This is where it has been trading throughout the past few days and weeks, with the selling pressure seen around the price region being somewhat significant.
Where the rest of the market trends in the days, weeks, and months ahead will depend largely on Bitcoin. At the moment, Bitcoin’s strength is lending itself to bulls’ favor, and there’s a chance that they will be able to erase all of the market’s recent losses in the days and weeks ahead.