фото показано с : invezz.com

Over the course of last week, Ethereum price has seen a severe drop from its previous ATH. After several days of minor fluctuations, the coin suddenly skyrocketed, only to reach a new ATH and then start another correction.

Ethereum beating its own record to a new ATH of $2,720 is more of a collective push from the market bulls. After the market has been overwhelmed with a massive correction for the better part of last week, investors were aggregating the future potentials of the Ethereum network to take a position today. 

From the Berlin Upgrade to the upcoming EIP 1559 upgrade and ETH 2.0, buyers do not want to pass off the opportunity to be a part of a new full-blown rally to highly ambitious price levels as fueled by these and more factors. At this pace, a ride to $3,000 in the short term and $5,000 in the long term is imminent. 

After it spent last weekend fluctuating up and down between $2100 and $2360, Ethereum started skyrocketing late on April 25th. It went from $1173 to $2453 in a matter of hours. After this rapid jump, the coin continued going up, although more steadily.

It finally reached a new ATH of $2720 earlier today, after which a correction kicked in, pushing the coin down to $2560. But, the coin started recovering again, and it is more than halfway towards negating the correction, likely heading back to the ATH, and potentially higher.

The post Ethereum price sees slight correction after rapidly surging past $2,700 appeared first on Invezz.

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