Ethereum price moves toward $2,000, but analysts say it’s just another ‘relief rally’

2022.05.31 23:11

Ethereum price moves toward $2,000, but analysts say it’s just another ‘relief rally’

On May 30, the cryptocurrency market experienced a much-needed bounce that saw Bitcoin (BTC) climb above $30,900 and Ether (ETH) rally 5.84% to $1,930, but analysts warn that it could be too early to expect a reversal.

Here’s a look at what several analysts are saying about the outlook for Ether moving forward and the major support and resistance levels to keep an eye on.

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