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Ethereum [ETH/USD] Price Analysis: Cryptocurrency forecasting bullish reign in the long-run


The cryptocurrency market, including Ethereum, has re-emerged from the bear’s market and has paved its path back to the bull’s market. The coins are seen enjoying their victory as majority of them are sprinkled in green in terms of their long-term value.

According to CoinMarketCap, at press time, Ethereum [ETH] was trading at $120.74 with a market cap of $12.65 billion. The trading volume for the cryptocurrency is recorded to be $3.24 billion and the coin has seen a surge of over 12.17% in the past seven days.

1-hour:

Ethereum one-hour price chart | Source: Trading View

Ethereum one-hour price chart | Source: TradingView

In the one-hour chart, the coin pictures two distinguished uptrends; from $118.62 to $123.94 and from $103.27 to $115.70. The immediate resistance for the coin is pictured at $123.95. Whereas, the main support levels are placed at $115.66 and $101.28.

Klinger Oscillator is forecasting a bearish wave for the cryptocurrency in the short-term as the reading line placed itself below the signal line after a…



Read Full Story : AMBCrypto

2019-02-11 11:00:20

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