Ethereum (ETH) in the crypto community is known as the second largest crypto asset considering the trading volume and it is also considered the second best digital asset after Bitcoin. The price of Ethereum has been increasing since the beginning of 2020 and hit the 200 USD point on February 5 and, after that, in a span of 4 days, Ether reached 229 USD. Currently, the price of the Ether digital asset is around 220 USD. In the minds of a large number of crypto traders, Ethereum will start its rise once again in a short period of time.
Michael van de Poppe, a digital currency analyst, has been following the Ethereum price movements very closely like many other traders and analysts of crypto since the start of the new decade. Michael made a suggestion that Ether will soon begin to rise to the point of 251 USD if the price of the second largest digital asset stays above 212 USD.
CryptoWolf, a different crypto asset analyst as well as a trader has released a chart showing that if Ethereum breaks the closest resistance point, the value of the digital currency will exponentially rise. If this happens, according to the chart by CryptoWolf, the price will hit 553 USD if the right conditions are met. A different crypto trader stated on Twitter that the value of Ether will go in this direction reaching 525 USD.
According to reports by U.Today, Audius Music, an application based on the Ethereum network, not long ago appeared on the AppStore. The announcement was made by the official account of AppStore on Twitter that currently is followed by 4.5 million people. This Ethereum-based Decentral Application is in high competition with another Decentral Application controlled by the Tron system called VibraVid, which gives musicians the ability to be in direct contact with consumers and earn money.