Ethereum is up over 6% in the past 24 hours as the market momentum intensifies. After trading in the $160 level the past week, the price jumped over $16 looking for new support in the $170 range.
One speculation as to the cause of the recent bullish momentum for Ethereum, is Elon Musks mysterious tweet that simply spelled Ethereum
The recent Ethereum price rise comes amid a crypto bull market which pushed the overall cryptocurrency market over $10 billion in valuation since the beginning of the month. This time, Bitcoin has been leading the bull run as BTC reached a new all time high for 2019 on May 3rd.
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Ethereum Price Pumps While Other Cryptocurrencies Stagnate