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Ethereum [ETH/USD] Price Analysis: Cryptocurrency market indicates a bullish future for the coin


The bull continues to support the market as all the coins are seen performing relatively well. Even the top coins in the market are glowing green because of the bull’s presence. According to CoinMarketCap, at press time, ETH was trading at $123.24 with a market cap of $12.92 billion. The coin has a trading volume of $3.23 billion and has surged by over 18% in the past seven days.

1-hour

Ethereum one-hour price chart | Source: Trading View

Ethereum one-hour price chart | Source: Trading View

In the one-hour chart, the coin’s downtrend is outlined from $123.93 to $123.18. The uptrends for the coin are from $103.27 to $118.50 and from $119.71 to $121.64. The coin’s resistance points can be seen at $123.20 and $123.94. The immediate support for the cryptocurrency is at $119.69, including a strong support at $102.57.

Parabolic SAR is indicating a greener market as the dots are pictured pushing the coin up north by aligning below the candlesticks.

RSI is showing that buying and selling pressures for the coin have evened out in the…



Read Full Story : AMBCrypto

2019-02-13 14:00:09

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Written by Ambcrypto

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