$4K Ethereum by July? ETH price posts fastest recovery to date from 50% drawdown

The price of Ether (ETH) has pulled back to retest $3,000 support levels on Feb. 9 after Ethereum’s native token reached a three-week high.  

ETH price climbs to three-week high

To date, ETH price has recovered by roughly 50% after the ETH/USD trading pair bottomed near $2,150 on Jan. 24.

ETH/USD daily price chart. Source: TradingView

ETH price jumped on Feb. 7 in part due to KPMG, one of the world’s four accounting giants, announcing that the firm is adding Bitcoin (BTC) and Ether to its…


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