Ethereum's price is poised for a significant breakout as investor confidence is bolstered by Larry Fink, CEO of BlackRock, predicting dramatic growth for cryptocurrencies. Fink's positive outlook adds momentum to Ethereum's recent price movements.
In recent trading sessions, Bitcoin's price retested its crucial resistance levels, setting the stage for Ethereum to follow suit. Ethereum reached a range high of approximately $2,638, indicating a potential upside.
Ethereum, boasting a fully diluted valuation of about $314 billion, experienced a 3% increase in its value with a daily average traded volume of around $20 billion. These metrics underscore the altcoin's robust market presence.
