Ether’s Amazing Comeback
On September 3rd, Ether (ETH) celebrated a crucial moment by reclaiming the $4,000 price level for the first time since May. Talk about a comeback! After a tough few months, ETH made a solid recovery, amping up month-to-date gains to a whopping $600. It has finally broken free from the three-month trading zone that felt like a never-ending game of musical chairs.
What’s Next for Ether?
At $4,025, Ether is tantalizingly close to its all-time highs—just $350 away! Charts might be PG-13, but let’s just say there’s a lot of dramatic flair as Ether climbs the charts against other cryptocurrencies. This performance put it right behind Solana’s SOL and Polkadot’s DOT in the illustrious ranks of the top 10 cryptocurrencies.
Bitcoin Joins the Party
But wait, there’s more! Bitcoin (BTC) isn’t sitting idly by. It joined the scene with fresh strength, rallying toward the critical $51,000 resistance. The vibes are definitely bullish, but some skeptics still have their surfboards ready in case a wave comes crashing down.
Critics and Gas Fees
While the bulls are living their best lives, whispers from critics linger in the air. Gas fees are still proving to be a significant pain point for traders. Even the likes of Reese Witherspoon are putting their money where their mouth is, leading many to wonder: can casual investors do well in this volatile market?
The Future: Hype or Hope?
Many are looking toward the end of 2021 with bated breath, likening it to the frenzied finish of 2013 and 2017. “Regardless of when exactly it comes…the next few months will probably be insane beyond what most of you can imagine,” summed up Twitter’s Lark Davis. But, as with all good things, when the music stops, who knows who will still be dancing?
