Ethereum Price Surges Above $2,000 Amid Recovery Signs
- Ethereum’s price surpassed the $2,000 mark, showing a 4.40% increase in the last day.
- Daily trading volumes surged by 92%, reaching $20.27 billion.
- Pseudonymous analyst Master Kenobi suggests Ethereum’s price bottom is in, based on historical patterns from 2020.
- Standard Chartered revised its ETH 2025 target down by 60% to $4,000.
- The Ethereum DeFi ecosystem lost $29 billion over a recent 30-day period.
Ethereum’s recent price rise above $2,000 and increased trading volume indicate potential recovery despite lowered future targets and significant DeFi losses.
Source (2.6)https://coingape.com/ethereum-price-stages-recovery-as-analysts-claim-the-bottom-is-in/?rand=24432
