Now, based on the current chart, a breakthrough of the current range could see the largest altcoin quickly move back to $155, where it broke down at the beginning of the year.
While there hasn’t been any major announcement to explain the move higher, the rally comes as ETHDenver, an Ethereum developer conference, comes to an end. The event featured a number of Ethereum-based projects and startups that presented major development updates.
Overall, investor interest appears to have returned to the crypto market as major altcoins continue to put in higher lows.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.