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Breaking: Ethereum soars to new 2020 highs, eyes $500

Breaking: Ethereum soars to new 2020 highs, eyes $500
FXStreet TeamFXStreet TeamFXStreet

Ethereum has smashed past August high at $450. The rally started over the weekend has been unstoppable with Ethereum extended the price action above $450. Ether is now trading above $460 following more than 6.5% of accrued gains on the day. As covered earlier, ETH/USD bullish case for trading above $500 in September has been fueled. Support above $460 will ensure that focus remains on $500.

Bitcoin has already also started to trend upwards. After breaking above $11,800 resistance, the next rendezvous is $12,000. BTC surge above $12,000 would likely commence another bullish phase across the cryptocurrency market.

More to follow

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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