Ethereum May Rally 50% Next Week as This Data Shows

This week's data on Ethereum is bullish. The cryptocurrency appears to be on the verge of a rally that could send it above $300. That would be a major move, considering it was at $250 just two weeks ago.

Ethereum's price has been steadily rising since then, and this week it hit $265. But that's still well off its all-time high of around $1,400.

So what gives? Why might we see such a big move next week? We'll discuss that below.

We've had plenty of news about Ethereum this week too. It received quite a bit of attention when Coinbase announced support for Ethereum ERC20 tokens earlier this month. Additionally, CoinMarketCap added the cryptocurrency to its list of coins tracked by volume (though not price). That should help draw more attention to Ethereum and its performance in the coming months.