In the past 24 hours, the Ethereum price has increased from $124 to $141 by 13 percent against the U.S. dollar. Analysts foresee a strong short-term recovery ahead as the crypto market shows momentum.
The optimistic price movements of major crypto assets in the likes of Ethereum, EOS, Bitcoin Cash, and Binance Coin have come during a period in which the sentiment in the near-term performance of the crypto market has become noticeably gloomy.
Full-Fledged Crypto Recovery a Possibility?
On February 17, prior to the recent rally of the crypto market, a cryptocurrency trader with an online alias “Mayne” stated that investors cannot remain bear-biased solely based on the past performance of the market.
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