Ethereum Price Rise being led by Bitcoin Flight
Ethereum has been the "wonder" of the crypto currency world for a second week in a row. As the Bitcoin blocksize debate has caused disunity and discord amongst the bitcoin community, a fair amount of BTC money is flooding across into ETH. That said the market cap of Ethereum has breached the $350 million dollar market cap putting it second in CryptoCompare’s market capitalisation rankings overtaking Ripple and Litecoin. So what has caused this rampant price rise. Although there hasn’t been a major news piece to drive the price, there has been a trickle of minor announcements that....
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Ethereum extended its rise above the $1,150 and $1,200 resistance levels against the US Dollar. ETH price is currently consolidating gains and it could rise further towards $1,280. Ethereum is following a bullish path above the $1,120 and $1,150 resistance levels. The price is now trading above $1,200 and the 100 hourly simple moving average. […]
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