Crypto News

Ethereum [ETH] Targets $3K; Strong Bullish Sentiment Detected

The altcoin market continued to boom as cryptocurrencies like Ethereum [ETH], XRP and Binance Coin [BNB] recorded new highs. Bitcoin [BTC] was no less as it sprung up to a high of $64K. However, it retraced back to $62,721, during press time. The market cap of the asset was on a roll as it surged to $1.18 trillion. The over all market cap also rose to $2.22 trillion. While some assets were seen riding the bull, a few others were dwelling in the bearish arena.

Earlier today, ETH went on to record an all-time high of $2,489. however, at the time of writing the altcoin was noted at $2,445 as the altcoin underwent correction. Furthermore the asset was recording a rise of 4.61% in its price over the last 24-hours. Just as Bitcoin’s dominance subsided, Ethereum’s supremacy over the market rose to 12.7%.

Additionally, the market cap of the cryptocurrency was recorded at $283.51 billion which helped the coin retain itself as the second largest cryptocurrency.

Ethereum [ETH] One-Day Price Chart On Coinbase

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The one-day price chart of ETH delivered positive signs. All the indicators used in its chart was seen showcasing the presence of the bulls. The Parabolic SAR indicator revealed that ETH was all set to hit a new all-time high soon. A series of dots were placed below the candlesticks acting as a support against a downtrend. The MACD line retained itself over the signal line and was in a bullish crossover. The Awesome Oscillator indicator laid out green closing bars further announcing the presence of the bulls.

Ethereum [ETH] Records Buyers’ Sentiment


The one-day price chart of ETH not only revealed that it was hoarding the bulls, but it also pointed out that it was a buyers’ market. The Relative Strength Index indicator was noted at 72 median, further affirming that the altcoin was being overbought. The Money Flow Index indicator followed suit and exhibited a similar trend.

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