Crypto News

Ethereum [ETH] Records New ATH Of $2.7K; $3K Isn’t Too Far, Bulls Affirm

While all the other coins were recovering from the recent downfall, Ethereum [ETH] went on to record a new all-time high. Earlier today, the altcoin surged to an all-time high of $2,713.58. As Bitcoin [BTC] was still trading at $54K, the dominance of the king coin fell below 50%. However, ETH’s supremacy over the crypto market grew to 14.7%.

The overall market cap of the crypto-verse was at $2.07 trillion with a 3.20% daily surge.

Ethereum [ETH], during the time of writing, was experiencing correction after its plunge towards $2.7K. ETH was trading for $2,699 with a 5.10% rise in the last 24-hours. The altcoin had been performing better than the other assets as it recorded a 14.12% soar over the previous seven days. The market cap of the altcoin made it past $300 billion. At press time, ETH’s market cap was noted at $311.29 billion.

Ethereum [ETH] One-Hour Price Chart On Coinbase


The short-term price chart of ETH depicted a mixed notion. However, the signs were inclining towards the bulls. The Chaikin Money Flow [CMF] indicator was over the zero median which was in the bullish arena. This further announced the presence of bulls in the ETH market. The MACD indicator was in a bearish crossover as the signal line was above the MACD line. Yet, the MACD line seemed to be heading for a bullish crossover.

Furthermore, the Relative Strength Index [RSI] indicator was in the buyers’ zone and was seen moving towards the overbought area.

Ethereum [ETH] One-Day Price Chart On Coinbase


On the one-day price chart of ETH, the bulls were seen ousting the bears. The Parabolic SAR indicator flipped the ongoing trend and had started to form a line below the candlesticks. This line further suggested a bullish notion in the ETH market. The Awesome Oscillator indicator rolled out a single green closing bar alerting the invasion of the bulls.

Additionally, the Money Flow Index [MFI] indicator was noted up by the buyers’ zone as no major selling activity was noted in the ETH market.

Source link