Ethereum Price Prediction: ETH Surges 5% As Vitalik Buterin Details ”The Splurge” Update, While Analysts Say This V2E ICO Might 100X
The Ethereum price surged 5% in the last 24 hours to trade at $2,616 as of 03:45 a.m. EST on trading volume that skyrocketed 77% to $21.51 billion. This comes as Ethereum’s co-founder Vitalik Buterin shared a detailed blog post outlining key initiatives to optimize the Ethereum Virtual Machine (EVM) and account security as part of the ‘The Splurge’ roadmap. The Splurge roadmap from the Ethereum development team focuses on refining the Ethereum protocol to ensure its long-term success. Ethereum Price Aims For A Breakout The Ethereum price has been in a downtrend since reaching the $4,000 resistance in March but appears to be forming a consolidation pattern in recent months. Specifically, it’s in an ascending triangle pattern, which is typically a bullish continuation pattern, as the bulls capitalize on the $2,250 support level, according to data from GeckoTerminal . The price of Ethereum now trades above the 50-day Simple Moving Average (SMA), which acts a...