Ethereum [ETH/USD] Price Analysis: Price outburst results in trend reversal as bulls take charge

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Ethereum [ETH], the third largest cryptocurrency by market cap, gained its momentum after Litecoin [LTC], now the fourth largest cryptocurrency, started a bull rally earlier yesterday. Since then, the coin has successfully managed to retain the bull in the market as it was pictured painted in green.

According to CoinMarketCap, at press time, Ethereum was trading at $119.30 with a market cap of $12.5 billion. The coin has a trading volume of $3.54 billion and