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 has seen a rise of over 9% in the past 24 hours.
In the one-hour chart, the coin has an uptrend from $116.87 to $118.62 and $103.27 to $117.88. The immediate resistance for the coin is at $118.65, while the support systems for the coin can be seen at $116.58 and $101.29.
Parabolic SAR is showing a bearish wave as the dots have started to align on top of the candlesticks.
Bollinger Bands is forecasting a less volatile market as the bands are seen close to each other, making almost no space for price movements.
Chaikin Money Flow is on the brighter side of the market as the money is seen flowing into the market for the coin.
In the one-day chart, the cryptocurrency is demonstrating a downtrend from $499.01 to $117.86. The uptrend for the coin is outlined from $83.74 to $103.22. The immediate resistance for the coin is at $128.49 and there is strong resistance is at $156.03. The support levels are at $103.15 and $83.02.
Klinger Oscillator is forecasting a bullish reign over the coin as the reading line and the signal line were pictured having a crossover, with the reading line deciding to go north.
RSI continues to show that the buying pressure for the coin is evened out by the selling pressure.
MACD is also on the same page as Klinger as the moving average line has placed itself above the signal line after a crossover.
The sudden outburst of the market has resulted in a trend reversal as majority of the indicators have hopped on to the bull’s side. This includes CMF from the one-hour chart and Klinger Oscillator and MACD from the one-day chart.
Subscribe to AMBCrypto’s Newsletter
EOS rises by over 6%; Ripple’s XRP and Ethereum follow suit prompted by Bitcoin’s rally
Bitcoin, the largest cryptocurrency by market cap breached the $9,000-mark anchoring another market spin towards the bulls. The collective market cap stood at $285 billion, at press time.
Since the onset of 2019, Block.one, the parent firm of EOS had rolled out several significant technological upgrades on its EOS blockchain. Even as the price movement was underwhelming for the most part of the year, the sixth largest digital asset by market cap, EOS gained strong market support. At press time, EOS climbed by 6.11% and stood at a price of $7.13 with a market cap of $6.5 billion. The trading volume recorded for the past 24 hours was $2.55 billion.
With the much-anticipated Ethereum 2.0 blockchain rollout, the second largest cryptocurrency, on CoinMarketCap, garnered gained bullish momentum against the US Dollar. At press time, ETH rose by 3.67% over the past 24 hours and was priced at $275.1. The digital asset registered a market cap of $29.3 billion and a 24-hour trading volume $8.49 billion. Additionally, 4.2% of the trading volume was recorded at ZBG via the trading pair ETH/USDT.
Ripple’s focus has always been disrupting cross-border payment space following which the Brad Garlinghouse-led firm introduced new technologies, features, and network updates. Its native token, XRP, significantly leveraged from the recent developments as well as the market recovery steered by BTC.
At press time, the third largest digital coin was valued at $0.42 after posting 3.41% gains in the past 24-hours. XRP held a market cap of $17.92 billion and registered a 24-hour trading volume of $1.5 billion. 4.4% of XRP was being traded at ZBG via XRP/USDT.
Subscribe to AMBCrypto’s Newsletter
Bitcoin up for a long run as it re-visits an old bullish pattern
GateHub: Stolen XRP funds transferred to prominent exchanges
Bitcoin’s volatility – an indication of growth or regression?
XRP closes 48 million ledger; XRPL Labs introduces solution for users’ destination tag problem
8 crypto exchanges were shut down in 2019; how does that affect the overall crypto space?
Tron’s 24-hour DApp volume zooms ahead of both Ethereum and EOS
Bitcoin [BTC]: #DropGold campaign gets called out for being ‘Bitcoin cartel’
Tron’s [TRX] Sun Network testnet goes live as Justin Sun places bet on its ‘unlimited scaling capacity’
Ripple’s David Schwartz defends XRP against BTC’s ‘mediocre finality and censorship resistance’
Ripple’s David Schwartz breaks down how ILP and Coil will change the face of payments
Tron join hands with LATOKEN to become an IEO payment token
Bittrex follows Binance’s cue, delists over 40 altcoins from Bittrex US; sign of things to come?
Bitcoin prices would go upto $60,000 by August 2020 according to Stock-to-Flow analysis
Bitcoin’s ‘supply shock’ ahead, scaling progressing rapidly, says VC