ETH price started rising , it was below $700 for many days and now it crossed $700. Is it a sign of positive market recovery? Many people predicted that that market will pick up after recent down fall. One thing is becoming clear that ETH is rising no matter bitcoin price rises or not. How far ETH price can go within few months?
I wouldn't be too positive just yet.
One thing is for sure, though. ETH prices are rising in spite of BTC prices staying relatively put and not moving upwards much, which is pretty odd to say the least. It could just prove to be a short term rally for ETH, imo, that won't really have a lasting impact.
ETH could continue its rally from recent days, but tbh it'll still have to follow the general trend of BTC. I definitely wouldn't say that recovery is underway, yet.