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Ethereum network strength, macroeconomic factors back ETH’s rally to $2.5K
A variety of bullish factors back Ethereum’s recent rally to $2,500.
Ether price witnessed a 10% price increase in the first nine days of February, breaking above $2,450 for the first time in three weeks. This movement was aligned with the broader cryptocurrency market’s bullish momentum and significantly influenced by the macroeconomic environment.
Despite the reasons behind Ether’s ETH tickers down $2,496 rally, investors are growing more bullish as deposits on the Ethereum network increase. However, is this momentum sufficient for a sustainable rise above $2,800?
#Which 100x gems are you eyeing on?