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Ethereum: The Case for a Rally to $2,000
Ethereum tested the $1,840 range resistance on Friday for the sixth time in two weeks. We also saw the S&P 500 (SPX500) rally over 1% on Friday to close the month above a critical area between 4,070 and 4,090. That could be significant for ETH, as crypto tends to follow US equities, and there seems to be a lag between the two markets. Although I never fully trust end-of-quarter moves due to the volatility from institutions closing positions, Friday’s rally from equities could be a clue for Ethereum. If the crypto market decides to follow equities higher in the next few days, we may finally get a bullish ... (full story)
