Ethereum Price Forecast – ETH/USD Downward Channel in Play, Can We Expect a Breakout?
Arslan Butt • 2 min read
[ETH/USD]] closed at $2610.65 after placing a high of $2610.65 and a low of $2461.43. ETH/USD reversed its course and rose on Thursday after declining for two consecutive sessions. The surge in prices could be attributed to the latest comments made by the Reddit co-founder, Alexis Ohanian. The billionaire, philanthropist, founder of Reddit, and husband of the famous tennis player Serena Williams recently revealed that he has many Ethereum holdings.
Ohanian praised the cryptocurrency and said that Ethereum comprised a significant part of his funds invested in cryptocurrencies. He did not disclose the amount of Ethereum holdings. Still, he continued praising the crypto and said that it has the most potential, at least for the next year or two, as many exciting applications were built on its blockchain. He added that NFTs were only the start of what was getting built on top of the blockchain, and that was the reason behind many Ether holdings by him.