Ethereum (ETH) can rise to $ 900 when bitcoin (BTC) consolidates

Two startups are working on ethereum (ETH) payments on Amazon

After the particularly good performance of bitcoin (BTC) , most altcoins initially remained behind. However, the cryptocurrencies in the top 10 now seem to hook up. The biggest riser in the top 10 is bitcoin.

At the time of writing, the price of ethereum (ETH) is $ 346.05 according to CoinMarketCap. This increased in value by 11.41% in the last 24 hours. Bitcoin is the largest riser of the moment with an increase of 13.8%.

Like many other cryptocurrencies, Ethereum is doing well this year. After the crypto winter , ETH scrambled up again and managed to increase in value by 238% since the start of the year.

However, according to analyst Benjamin Blunts, there may be more in it. In a tweet of June 15, he writes that if ethereum can break the $ 302, the rate can sometimes rise sharply. He expects a rise to $ 900:

Analysts also expect that the altcoins may get an extra boost when bitcoin encounters resistance. According to analysts, that resistance is in the range between $ 11,600 and $ 11,800, where the BTC rate is currently located. Investors may choose to liquidate their profits with bitcoin and put them in altcoins, resulting in sharply rising prices.

 

 

 

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About Shawn Morrison 204 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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