The native cryptocurrency of the Ethereum blockchain network, Ether (ETH), soared to $1,475 on 25th January, according to TradingView. Also, a week ago, ether increased up to $1,439 on 19th January. This price surge magnetized attention to Ethereum. Some people sold ether after this event, and now the price of Ethereum is less than $1,300. At the time of writing, the value of ether was $1,257. Ethereum went down to $1,250 and corrected itself, this support area can boost Ethereum, and it can go up again. Analysts say that if Ethereum goes down than the support area, it can dip to $1050.
Read more: https://coinsfera.com/news/as-ethereum-goes-bullish-the-gas-fee-is-the-topic-of-concern
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