After a period of difficulty, the largest digital assets on the cryptocurrency market are finally recording some noticeable gains, including Ethereum (ETH), leading analysts to identify crucial levels that will further propel its bullish move.
Indeed, provided that Ethereum retains its current strength, flipping the crucial level at $1,150 and breaking out above $1,225, it will pave the way for a bullish run towards $1,350 and possibly even $1,550, as observed by the crypto trading expert Michaël van de Poppe on November 29.
Ethereum price action analysis and prediction. Source: Michaël van de Poppe
Increased user activity
Likely factoring into the recent price surge, Ethereum’s active addresses have surpassed a six-week high, last reached on October 15, which was followed by a 30% price hike over the following three weeks, according to the on-chain analytics platform Santiment.
Ethereum user activity. Source: Santiment
Along with the spike in price, Ethereum is also recording stea
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