#Ethereum Price Targets $120 as Bulls Dominate the Markets
Contrary to what was expected earlier today, it would appear the overall bull trend is still in place today. That in itself is a big surprise, especially when considering how steep the gains were last night. The Ethereum price has turned very bullish of all a sudden, following steep 13% gains across the board. Most people who invested in Ethereum did so at a much higher price than today’s value. While there is nothing wrong with this whatsoever, the current value isn’t instilling much confidence in Ethereum whatsoever. Despite the most recent gains, it is evident this token is still down by 90% from its all-time high. Not the trend speculators have been looking for whatsoever, but there isn’t much to be done about it when Bitcoin is dragging everything else down with it.
About Ethereum (ETH): Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
Ethereum (ETH) is the 3rd largest cryptocurrency by market cap size. It is up 10.47% over the past 24 hours and is currently trading at $119.78. It can be bought with fiat dollars, credit cards, or debit cards on cryptocurrency exchanges such as Coinbase, CEX.io, and Changelly.