Ethereum Looks Poised to Rally. Here Are 5 Things Everyone Should Know

The market is likely to rally as much as 50 percent next week on the back of positive news from the crypto space, according to cryptocurrency expert Tim Enneking.

Enneking, managing director at Crypto Asset Management, wrote a note to clients that said Ethereum could be headed for another big spike after it hit $300. The price of Ether, the second-largest cryptocurrency by market cap, has been on a tear this year and has doubled in value since hitting its low point at around $150 in February.

The price has been supported by positive news from the blockchain industry, including a new partnership between some of the world’s largest technology companies like Microsoft and Facebook and Intel’s plan to launch a dedicated processor for blockchain use cases.