38% Ethereum futures premium signals traders anticipate $2,500 ETH
Cointelegraph
Published Apr 03, 2021 05:00AM ET
Updated Apr 03, 2021 06:40AM ET
Now that Ether's (ETH) price broke the $2,000 level, hitting all-time highs this week, traders became excessively bullish and are expecting more upside in the short-term.
Some analysts believe Visa (NYSE:V)'s initial USD Coin (USDC) stablecoin transaction settlement on the Ethereum network kicked off the most recent rally. Others attribute the current Ether hike to a "triangle market structure" breakout.
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Written By: Cointelegraph
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