ETHEREUM Etheruem [ETH] prices are soaring high – will the bull trend continue?

Etherum prices continue to rise as it almost reaches towards $1000 a coin. The cryptocurrency market is currently rising back up to the late 2017 prices, as even Bitcoin almost reached $10,000.

According to CoinMarketCap, Etherum is currently ranked at 2 in the crypto-rankings with a market cap of $82,034,301,592 and a volume of $3,255,700,000. Etherum is currently trading at $826.57 and has seen a significant growth rate of 3.65% over the past 24 hours.

Etherum was around $88 before it cost more than $1000 in December 2017. Later, the price of Etherum declined to around $500. With the slow rise in price over the past few months, investors are getting a favorable entry opportunity. The market volatility has also reduced in the past few days.

Market speculators believe that the rise of the coin might be due to the announcement made by Vitalik Buterin, the Founder of Ethereum regarding the sharding, positive remarks about the coin by the big guns and Vitalik showing his support on Twitter towards Ethereum Classic by quoting Anthony Lusardi’s speech during at EDCON and slightly hinting towards working with the ETC team.

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