As Ether (ETH) trades near $600, analysts are optimistic that the second-largest digital asset would continue surging to hit $700. A leading cryptocurrency trader, Edward Cleps, noted in a that ETH would continue ascending, asking if $700 is “too much to ask”. NewsBTC that ETH hit $700 in late 2017 and mid-2018.
Apart from Cleps, other analysts are also bullish on ETH. The analysts said ETH’s maintenance of key resistance levels will most likely lead to a correction toward the upside.
Per the newly-launched ETH 2.0, Messari analysts highlighted the effects of the upgrade on the supply of ETH. The analysts said that the ETH 2.0 is poised to reduce inflation:
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