Ethereum has Reached a Key Demand Zone as Analysts Eye Parabolic Move

EppUV JVQAETIpo 980x396

Ethereum’s price has reached a key demand zone following an extended period of weakness against Bitcoin This demand zone is so far proving to be a strong support level for the cryptocurrency, but it still has a long way to go before it can gain any significant ground against Bitcoin One trader is now noting that it is only a matter of time before ETH’s price rockets higher He points to the strength of its present support against Bitcoin as well as the upcoming launch of CME ETH futures as reasons why upside might be imminent in the near-term The culmination of its technical support and fundamental strength due to this coveted listing could suggest that a massive uptrend is imminent Ethereum has been struggling to gain any serious momentum as of late, with its weakness against Bitcoin causing its USD trading pair also to flash signs of immense weakness.…

Read the original article here