Ethereum’s price action — explained Interestingly

Ethereum’s price action — explained

Interestingly, market sentiment appears to be following suit.

As of the 17th of July, ETH was trading at $3,426.54, marking an 8.39% gain over the previous 24 hours, according to CoinMarketCap.

The token has now more than doubled in value over the last three months, and the previous day’s 4% price jump only adds to the growing narrative that Ethereum may be on the verge of a new cycle of institutional validation.

However, despite Ether’s impressive rally,