ETH's price soared shy of 15% today as its market out of nowhere rose past the $300 baby mark. After just reaching an all time high of $420 in late June as a result of all The ICOs crazy hype, it has been a scary month since ETH barley touching the $300 mark.
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What I do see is it might just be to early to tell whether or not its bearish phase has ended, at the same time though it is very hard to ignore the strong support at the $300 mark, it had touched today.
If this support holds Ethereum may once again be able to touch all time highs and even break its base price what I think is $500 at the moment, it is undervalued in my opinion.
Screen Shot From Coinmarketcap
Take a look at the chart above, the top 10 have also seen a nice growth as well, This might be in part because of bitcoins rise as well. While this might be the case, ETH is no exception a very interesting found is Overstock just recently announced it will accept more than 30 cryptocurrencies thus including Ethereum.
Being the second largest crypto because of the community and support it has it is no doubt ETH will be a supreme coin, Remember when it was just a $1 last year.