Ethereum Pumps Past $180, But It Could Be a Fake-Out
Ethereum (ETH) incurred a significant amount of upwards momentum yesterday that came about after the aggregated altcoin market posted some decent gains that led many cryptos to surge 5{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} or more. Importantly, this surge may ultimately be fleeting, as one analyst is noting that ETH has “fake pumped” on multiple occasions as of late, with each pump being followed by lower lows. Ethereum Surges Past $180 At the time of writing, Bitcoin is trading up nearly 5{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} at its current price of $182.45 and is up significantly from its daily lows of just over $170 that were set yesterday. This explosive movement upwards led ETH to highs of just under $185, which was a previous level of major support for the crypto that has likely flipped into …