3 Reasons Why Ethereum Price Rallied 75% to Hit a 2-Year High at $395 – Cointelegraph
In the last two weeks, Ether (ETH) price increased by 75% as the price rallied from $222 to $390. Many investors believe Ethers momentum is buoying the entire market, and possibly even pushing Bitcoin (BTC) upwards.
ETH-USD daily chart. Source: TradingView.com
Three factors that appear to be triggering the strong Ether rally are: DeFi, ETH 2.0, and the current prolonged rally taking place in the altcoin market.
DeFi growth is pumping altcoins but there are bearish signs
Since mid-June, the t…
