Ethereum (ETH) Rises 8% Weekly: Is a Bigger Pump Coming Next?
The post Ethereum (ETH) Rises 8% Weekly: Is a Bigger Pump Coming Next? appeared on BitcoinEthereumNews.com. “ETH to $2,500 before September,” one analyst predicted. The second-largest cryptocurrency has rebounded from the local bottoms witnessed last month, and now multiple analysts believe the price is ready to jump even higher. Growing institutional interest supports the bullish thesis and could indeed pave the way for a more substantial upward move. $2K Comes Next? As of press time, ETH trades at around $1,750, representing an 8% increase over the past week and a 17% rise from its June low. X user Ted noted that the asset recently tapped the $1,820-$1,850 resistance zone but got rejected. At the same time, he highlighted ETH’s ability to hold the $1,750 support and predicted that a decisive breakout could open the door for a rally toward $2,000. Earlier this week, Poseidon claimed that ETH has formed a double bottom under $1,800 and wondered why some people expect a decline given