Ethereum (ETH) Price Awakens, New Highs or Downturn Ahead?

(ETH) rallied this Monday, once again recovering the $300, but the asset is seen as going through a decisive phase, either hiking up to a much higher valuation or sinking toward $280.

ETH is up 7.4% in the past 24 hours, to $309.67. At the current price levels, ETH is seen potentially continuing toward the $400 level:

https://twitter.com/AskLunarExpress/status/1147932627619463168

ETH has several bullish factors, including the phasing out of mining in 2020. But another bullish factor is the news of a drastic drop in new ETH issuance from 2021. The intentions are to reduce the bl…

This article appeared first on Cryptovest

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