Ethereum price back on track to $500 once bulls flip $400 to support By Cointelegraph

Ethereum price back on track to $500 once bulls flip


Ethereum price back on track to $500 once bulls flip $400 to support

On Oct. 12 the price of Ether (ETH) soared 8.15% to reach a new monthly high at $387.75 on Binance. The rally from $366 to as high as $387.50 occurred as (BTC) price surged to $11,600, leading traders to speculate that the crypto bull market has restarted.

Over the past few weeks Ether’s fundamentals have strengthened and despite a sharp downturn in the price of decentralized finance tokens, the number of active users in the network has continued to grow.

ETH/USDT daily chart. Source: TradingView.com
Bitcoin and Ether YTD performance. Source: Digital Assets Data