Ethereum Price Analysis: ETH Records 4% Hike & Regains $157 Mark

Ethereum (ETH) bulls are raging to go at the bears since the start of the year, but after mid-February, the currency reflected strong bearish hold. If we look at the price movement of the past 24 hours, the ETH bulls in full swing raising the hopes of the investor community. The price of Ethereum has been fluctuating in the range between $150 – $159.

Ethereum Price Analysis

The currency has shown remarkable recovery over the past 24 hours. Yesterday, the price of ETH coin started below the baseline at $150.15 at 00:34 UTC. Then, bulls got into action, and the price of Ethereum escalated to $156.28 by 4.12%. However, above $156, the coin rejected, and the price fell to $151.95 over the next 2 hours. Later, the currency took an upward rally to the tune of 4.54% and reached $158.85. Today, the ETH price has gone down slightly to $157.64 at the time of writing this analysis.

As per the current price movement, analysts expect the coin to show more stability over the course of the year. Current traders should continue to hold on to their investments as Ethereum shows moderate upside momentum.