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Ethereum [ETH/USD] Price Analysis: Coin seems to have regained its strength in the market


Ethereum [ETH], the leading cryptocurrency and smart contract platform, was making a significant move in the market yesterday. The coin seems to have regained its strength in the market as it overthrew XRP to take hold of the second position in the market.

According to CoinMarketCap, at press time, Ethereum was trading at $120.43, with a market cap of $12.62 billion. The coin’s trading volume was $3.07 billion and had seen a surge of over 11.94%.

1-hour

Ethereum one-hour price chart | Source: Trading View

Ethereum one-hour price chart | Source: Trading View

The one-hour chart pictures a downtrend from $123.93 to $119.67 for the cryptocurrency. Whereas, the uptrend is outlined from $103.27 to $118.19. The resistance points for the coin is laid down at $121.40 and $123.97. The coin has found its immediate support ground at $118.01 and its strong support at $102.58.

MACD is forecasting a bearish move for the short-term as the moving average line is pictured below the signal after a crossover.

Parabolic SAR is also in complete…



Read Full Story : AMBCrypto

2019-02-13 01:30:11

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