The price of Ethereum (ether) has shot up after Elon Musk revealed that he personally invested in the Cryptocurrency. The technology billionaire was speaking at The ₿ Word conference on Wednesday, alongside Twitter CEO and prominent crypto advocate Jack Dorsey, with his comments pushing the Bitcoin rival above $2,000.
The market is rebounding off key 1717 support and yesterday’s thrust higher suggests an initial upturn from corrections. Trade is poised for rallies. A close over 2168 should spark trending moves to attack beyond the 2333 swing high. A close under 1752 is needed to turn trend forces down.