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- Ethereum finally maintained price sustainability above the price level of $170 and trading there with a positive.
- The ETH/BTC pair is also looking good and currently among the top 5 currencies. ETH is the biggest gainer.
ETH prices slowly recovered against the fall, and currently, it is performing well with a very handsome gain in its prices.
There is a strong and positive momentum in the ETH prices. After acquiring the crucial support level of $155, prices had a massive upswing that helped them to reach the current level of $180. This up-surge is one of the best positive momenta of this year yet so far.
The Current bullish pattern is indicating that Ethereum can commit a medium-term bullish momentum. Currently, it did surpass the bullish momentum of the crown holder Bitcoin and the other altcoins of the market.
Ethereum Technical Analysis
ETH prices suffered heavy variation between $155 and $157 and time by the time they are dropping, showing that prices are still not strong enough against the resistance level but due to the entry of a large number of gains due to institutional funding prices corrected themselves.
There is a very impressive increase in the market capitalization of the cryptocurrency as it is also trading with an upsurge, and currently, it is at the mark of USD 20,209,192,337.
The technical chart shows that Ethereum prices are in a very strong bullish momentum; positive changes are visible in the chart. The Prices climb above the level of $170 and $180 they might continue its current pace.
According to the FIB retracement level, prices are performing well even they are in a very bullish zone currently.
The 24hr- RSI showing a gradual rise after maintain its trade in the heavy bullish momentum. Prices started climbing up and about to hit the crucial zone of 80.
ETH can achieve the level of $200 as this cryptocurrency is turning resistance levels into the support ones and maintaining a gradual climb.
