The mood on the crypto market surprisingly brightens. Today, Ethereum is particularly in demand among investors. The cryptocurrency had previously suffered a double-digit setback. Now the bulls are on the attack and are buying heavily. Thus, these marks now become important:
Nine days ago, Ether (ETH) cracked a new all-time high at $ 4,867.81. This was followed by profit-taking and the price slumped by 18 percent. However, the setback was overdue after the strong rally before. Thursday, the price fell again by almost seven percent and briefly fell below the psychologically important 4,000 dollar mark.
Today the mood is turning and investors are using the setback to get back in at a lower price. The price per coin recently increased by around 5.5 percent and is thus once again above the GD50 at 4,083 dollars.
The strong rise testifies to the determination of the bulls to end the consolidation. The chances are good that the 4,000-dollar mark will hold and that the rally will now continue. Invested investors let the profits run. For risk-tolerant investors, such setbacks are an attractive entry opportunity.