Ethereum Price Forecast: ETH demand must increase to fuel any rally
Ethereum price broke above the daily resistance level at $2,461 and rallied 6.5%, closing well above its 50-day Exponential Moving Average (EMA) at $2,544 on Monday. After such a rally, ETH declined to test the 50-day EMA at $2,544 and bounced off on Tuesday. At the time of writing on Friday, it is trading slightly up at around $2,600.