Ethereum has bounced back quickly after last weekend’s 26% crash from its highs. As of the time of this article’s writing, the leading cryptocurrency has a price of $399 — just 4% below the year-to-date high.
Analysts say that pressure is building for a large move higher as the $400 resistance comes under fire.
Further boosting the Ethereum bull case is a slew of fundamentals, including the growth in decentralized finance and accumulation of ETH by institutions.
Global markets are rallying higher on August 5th after news spread that the next U.S. stimulus bill is nearing completion. Gold has pushed new all-time …