Ethereum Rally Returns with 15-Week Price Peak

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Ethereum prices have climbed to their highest level since February as the asset continues to gain strength.

Ethereum prices tapped $2,822 following a 4% gain on the day during early trading in Asia on Wednesday morning. It is the highest price the asset has traded for since February 24, when it reached a similar level.

ETH has now broken above resistance at $2,700, which stopped it from climbing higher four times over the past month or so. The next target above here is the psychological $3,000 barrier.

Ethereum is “back in beast mode,” commented crypto trader ‘Merlijn’ who added that it smashed through $1,500 and $2,200 “like paper” and is “now staring down $4,000.”

The next stop is price discovery, he added before predicting that it could move to five figures.

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