Coming hot off the ETHDenver Conference, Ethereum is up 11.5% in the last 24 hours.
With Constantinople 2.0 fast approaching alongside “The Thirdening” (where the mining rewards drop 33%) on february 25-27th, this rise could very likely be strongly substantiated. Perhaps $80 was the bottom, and blue skies are ahead.
Alternatively, it’s possible that investors are simply chasing the money on any chart that shows a glimmer of green, and we’re in for a consolidation any minute now.
In any case, it’s great to see some upwards movement lately in a market that’s been stagnantly sideways.