{"id":55045,"date":"2020-04-08T11:24:22","date_gmt":"2020-04-08T10:24:22","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=55045"},"modified":"2020-04-08T11:41:42","modified_gmt":"2020-04-08T10:41:42","slug":"2-reasons-why-ethereum-eth-could-reclaim-200","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/2-reasons-why-ethereum-eth-could-reclaim-200\/","title":{"rendered":"2 Reasons Why Ethereum (ETH) Could Reclaim $200"},"content":{"rendered":"
In brief:<\/strong><\/p>\n There is a general sense of optimism in the cryptocurrency markets that has been brought about by a resurgence of Bitcoin. The King of Crypto has broken the $6,900 resistance level. BTC is currently trading at $7,300 and looks set to erase all losses it experienced in the month of March due to the impact of the Coronavirus. When we look at our favorite alt-coin of Ethereum (ETH), the cryptocurrency has experienced the proverbial resurrection after gaining 27% between the 3rd and 7th of April 2020. In this time period, the price of Ethereum moved from $137 to a local high of $175.<\/p>\n As earlier mentioned, Bitcoin seems to be consolidating around the $7,200 – $7,300 zone thus giving Ethereum the room needed to also consolidate and continue on its upward trajectory. It is a known fact that once BTC starts to move in a sideways movement, altcoins thrive.<\/p>\n\n
Bitcoin’s Sideways Movement Might Allow ETH to Move Higher<\/h2>\n