The price of Ethereum closed the day at $156.55. That is a very nice result after the Ethereum crash that took place the day before.
When it comes to Ethereum’s price crash, InvestingHaven’s research team writes that the price of Ethereum largely recovered on Sunday 28 May 2017. The fact of the matter is that, in the bigger scheme of things, it was just another blip similar to two others we have seen in 2017.
According to InvestingHaven, “that there are sufficient buyers at lower prices. That is of utmost importance in a bull market: buyers have to step in once speculators start selling. The conclusion is simple and clear: it was simply a flash crash driven by speculator selling. A flash crash is known to be temporary in nature.”
With a recovering Ethereum price there is a fair chance that the next days will be bullish again for Ethereum.