{"id":396041,"date":"2019-09-14T21:30:46","date_gmt":"2019-09-14T21:30:46","guid":{"rendered":"https:\/\/wncen.com\/?p=396041"},"modified":"2019-09-14T16:22:58","modified_gmt":"2019-09-14T16:22:58","slug":"ethereum-network-demand-surges-will-eths-price-follow","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-network-demand-surges-will-eths-price-follow\/","title":{"rendered":"Ethereum Network Demand Surges; Will ETH\u2019s Price Follow?"},"content":{"rendered":"
Ethereum (ETH) surged today after the aggregated altcoin market responded bullishly to Bitcoin\u2019s period of consolidation in the mid-$10,000 region. This upwards momentum has sent it up towards $185, which has previously been a strong level of support for the cryptocurrency.<\/p>\n
Now analysts are noting that Ethereum\u2019s network is expressing significant strength, which may be a positive sign for the cryptocurrency\u2019s near-term price action.<\/p>\n
At the time of writing, Ethereum<\/a> is trading up over 3% at its current price<\/a> of $185, which marks a significant recovery from its recent lows of roughly $170 that were set earlier this month.<\/p>\n ETH has consistently found support around this price level over the past several days and weeks, and its ability to surge today may point to some underlying bullishness that could be significantly extended in the coming days and weeks.<\/p>\n Josh Olszewicz, a popular crypto analyst on Twitter, spoke about Ethereum\u2019s price action in a recent tweet, concisely saying \u201chere\u2019s your $ETH hopium\u201d and pointing to chart that shows a short-term long target at $320.<\/p>\n here's ur $ETH<\/a> hopium pic.twitter.com\/WFLMd3mi87<\/a><\/p>\n — #333kByJuly2025 (@CarpeNoctom) September 14, 2019<\/a><\/p><\/blockquote>\n\n