Ethereum surges above $ 730: what’s subsequent after large rally?

Ethereum surges above $ 730: what’s next after massive rally?

The price of ether (ETH) rose above $ 730 for the first time since May 2018. After the ETH outbreak, traders are becoming more optimistic short term trajectory.

There are two main factors behind the strong rally in ETH: a strong technical market structure and the listing of the CME futures in January 2021.

ETH price chart with key levels. Source: Michael van de Poppe, TradingView.com Ethereum supply and miners’ balances. Source: Santiment

Read on on Coin Telegraph

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