Here is the following for Ethereum, as it reaches the highest level in three months at 2700 dollars

With the oppression of ethereum peak for three months, the last analysis highlighted the changing social feelings and price expectations in the short term.

Ethereum, the second largest encrypted currency by the market, recently bears of its recovery. It increased by 6 % and 42 % in 24 hours and seven days, and outperformed most of the high high assets in these time frames.

Interestingly, the assembly is a contradictory play given the prevailing feelings prevailing around the ethereum ecosystem. At the same time, and analysis From the intelligence platform, Santiment highlighted what matters seem morally and potentially for the price.

The noise on Ethereum synthesis down

This year’s bad ETHEREUM of this year witnessed the market’s feelings often. For the perspective, the assets threw 58 % from the opening of $ 3330 to $ 1,383 in April, which shows a huge performance compared to its peers.

With the side direction, it calls for a decline on ethereum It increased significantly. Santiment participated that FUD around the currency rose to the highest level this year between 6 and 7. This came as Al -Atheer did not respond to the restoration of the broader market, as expected the market monitors.

However, King Altcoin rose by 21 % on May 8 to recover $ 2000 and expand its understanding above the level with a rise of 6 % the next day. It is worth noting that this change in the event witnessed that retailers quickly turn from the homosexuality to the fear of losing them (FOMO).

Moreover, the latest index confirmed the increasing interest in Ethereum. Data From Google Trends indicates that the search for “ETHERIUM” has risen in recent days, indicating that retailers are slowly noticing the renewed rise of assets.

Meanwhile, this rapid transformation reflects rational morale in the encryption space, as it seems that retail investors focus on making prices in the short term for the original instead of its long -term horizons.

What is the following for Ethereum?

With the increasing noise, Santiment note that previous data shows that the excessive style of ETHEREUM has historically followed a sharp correction. However, he confirmed that attention about the currency has not yet reached these levels, but he warned of accurate monitoring.

Moreover, the increasing Ethereum prices come with traction and increase network activities. Santiment emphasized that the increasing benefit can increase the ETHER transaction fees, which were relatively low given its high standards.

Currently, with an average of $ 1.57, its transaction fees have decreased to more than 7 dollars seen after six months. Meanwhile, the analysis suggested that a height of $ 2 could be spent at the end of this last momentum.

In addition, the average return of 30D in Ethereum +32.5 %, which is much higher than the “risk base of the base +15 %” recommended by Santimnt in Altcoins. Although this does not indicate a decrease in the price, it means that the pace of ETHER price may diminish or stop in the next thirty days.

However, Santiment insisted that the long -term ETHEREUM path looks strong and prices Recover $ 3000 By June. However, the price mark was linked with Bitcoin to $ 110,000.

At the time of writing this report, Ethereum is trading $ 2599.