Ether Tops $300 as Price Rises to 30-Day High

[gokayc]

The price ether, the cryptocurrency that powers the ethereum blockchain, hit a high above $300 today, rising to a press-time total of just over $307.

With the move, the price climbed to its highest total since June 30, according to data from Coinmarketcap, a time when it was descending from all-time highs set in early June amid a wave of initial coin offerings (ICOs) on the platform.

Still, ether appears to be bucking its recent downtrend, rising more than 35% over the last week, up from the $227 total observed at the start of trading on August 2.



The price increase further comes at a time when the price of bitcoin is at or near all-time highs. Bitcoin set a new record earlier today, climbing above $3,500 for the first time in history.

At press time, the appreciation of both assets appears to pushing overall investment in cryptocurrencies higher, with the total value of all publicly traded cryptographic assets reaching an all-time high just above $124 billion.

https://www.coindesk.com/ether-tops-300-price-30-day-high/

[swalayan]

time for dump some 

[blockchainmarketus]

time for dump some  

Time to buy, Let's wait for dump and buy as much as I can then sell when the price pump. That's the trading phenomena that all traders should face. It's ok and fine.

[cointabo]

time for dump some 

$180 may have very well been the bottom for the year. Don't see ETH dipping any further until December.

[dreamer81]

Im pretty sure ETH will reach $1000 at the end of 2017. Not because it's worth more than it is now, but because demand will be much higher as time goes by.

[Yuhee]

Im pretty sure ETH will reach $1000 at the end of 2017. Not because it's worth more than it is now, but because demand will be much higher as time goes by.

Well that is too much for an expectation. I would expect 500$ for some reasons as long as btc would remain at its current price. Plus i bought eth when it was at 338$ on the previous pump so now i am expecting it to go higher to at least have my profit for waiting. Eth and BCC are i think currently have at least the same increase rate so i guess people are still dumping bcc?

[iswi]

As long as the price is above the $300 support levels, it is likely to continue higher.