Ethereum price back on track to $500 once bulls flip $400 to support
Cointelegraph
Published Oct 13, 2020 12:21PM ET
Updated Oct 14, 2020 02:20PM ET
On Oct. 12 the price of Ether (ETH) soared 8.15% to reach a new monthly high at $387.75 on Binance. The rally from $366 to as high as $387.50 occurred as Bitcoin (BTC) price surged to $11,600, leading traders to speculate that the crypto bull market has restarted.
Over the past few weeks Ether’s fundamentals have strengthened and despite a sharp downturn in the price of decentralized finance tokens, the number of active users in the Ethereum network has continued to grow.
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Written By: Cointelegraph
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