Today, 19 April, it looks a good day for the market, especially for the Ethereum‘s price
This could be the start of the bull run that experts are talking about that could be at the end of this week.
Ethereum is standing as a strong cryptocurrency. Its value is $532.86 at this moment. That means that is up with 4.06%. It is pointing the value of $600 if it will be another bull run, or it could easily hit $600. We will see when this happens.
According to some reports, the price of Ethereum at the end of 2017 and the start of 2018, was around $1,300. Definitely, its value was higher than in the right moment. But the question is if the price will reach out that value again.
Ethereum’s price
It is possible. But this price depends on a lot of things. It is very difficult for Ethereum to point again that value, but it is not so impossible at this point. We have to see again surges similar to those from the last year.
What is the outlook for Ethereum?
Well, Ethereum had quite a slow April. The price of $300 mark from the past few weeks wasn’t so impressive for the market. This was of course in the wake of the February and March depression which saw the entire market on the whole take a rather drastic plunge. As April went on, Ethereum started to make some ground.
The surge, saw Ethereum rack up an additional $200 in a matter of minutes, therefore, this suggests that should another surge happen over the weekend, as predicted, Ethereum can meet $600 with ease. Many would like to think that actually, $800 is a more realistic target for Ethereum now, should a surge take place.
Of course, there is no guarantee that we will see a big market surge take place this week. Expert predictions are only that, predictions and whilst they may be based on statistics, you can’t ever be 100% sure of the behaviour of cryptocurrency market. Therefore, this is not an investment hint that Ethereum will reach $600 today what we are highlighting however is that, due to Ethereum’s ability to take in value quickly, if the climate is right and another surge happens, expect to see Ethereum breach the $600 mark and continue on, possibly towards $800, edging ever closer to its former glory.