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Ethereum Price News: ETH’s Rally Touches Key Support – Big Bounce to $5K Coming?
Ethereum (ETH) has closed lower in 5 of the last 6 trading sessions ahead of this week’s two key economic events – the release of the Fed’s minutes and Chairman Jerome Powell’s speech on Friday. The top altcoin is currently approaching a key area of support at $4,100 that acted as a strong resistance for a year and a half or so and, depending on what happens next, this could be a defining moment for ETH’s rally. Trading volumes remain quite high lately and currently account for nearly 10% of the token’s circulating supply at $45 billion. On August 14, we saw as much as $75 billion worth of ETH exchanging ... (full story)