Ethereum is Flying ✈

in #hive-1679222 years ago

Hello friends,

I am doing good, and I hope that you are having a good time with your near and dear ones.

Ethereum, the top altcoin in the cryptocurrency market is doing well these days. The update has been implemented and seems like this has triggered the price for ETH. The current price is more than 2000 US dollars and in last of last week, we have seen a good price momentum. The all-time high price was almost 5000 and if it goes near around 2500 USD then it will match 50% of its all-time high value.

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It was expected that with the upgrade prices are expected to crash because people will get the option to unlock whatever they have deposited. If we look at the current chart, then seems like the situation is different and many people are not doing the short. This could be a temporary situation because we never know how things will be later on but as of now the situation seems to be good. I have seen some videos by the experts, and they are anticipating that the price for eth could move towards 2500 to 3000 US dollars. It is obvious that no prediction can go accurate 100% but looking at the current scenario the higher probability is to go the price upside.

Bitcoin has started the lead and now Ethereum is following the same and it's good. We all expect the price to go in green color but it's not practical. Whenever it's red then people are worried and with green color people are excited. Because the current price movement with Ethereum shows that it will grow further. I hope that it goes to 3k and then also moves to 5k and crosses its earlier all-time of 5k. That can also be a bull run situation in the market.

Thank You

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Some ETH-Short holder might be unhappy with this unexpected outcome

you are right and long-term holders must be happy.

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