Ethereum (ETH) has bullish future ahead of it
Ethereum (ETH) currently trades at $142.41 and has fallen by 2% today. Ethereum has been struggling to gain momentum as it faces heightened resistance around the mid-$140 regions, with this bout of consolidation coming about in tandem with that seen by Bitcoin and most other altcoins. In spite of this bearish price action, ETH is fundamentally strong, as there is still nearly $700 million locked in DeFi loans, with this number climbing from recent lows of under $500 million.
Based on this information, investorsQ rates this stock 5 out of 10. We give it this rating based on current information. The growth in the balance of Ethereum on exchanges does suggest that the crypto will soon see some massive near-term upside, which could be further bolstered by its technical strength. The high forecast for Ethereum is $180.00 and the low is $152.00. Notably, the company’s market cap is $15.83 billion with a 52 week high of $361.40 and a 52 week low of $95.18.