Parabolic rally ‘a real possibility’ after Ethereum price surges to $547
Traders expect Ethereum price to move higher after the altcoin secured a new 2020 high at $547 today. The price of Ether (ETH), the native cryptocurrency of Ethereum, has surpassed $547. Following the breakout, traders are pinpointing several key resistance levels in the near term.In the short term, traders generally foresee $600 as the major resistance area for Ether as it marked the beginning of a bearish trend starting in May 2018. As such, $600 could act as an area of interest for sellers.But, traders also believe that if Ether surpasses $600, it would likely enter the $700 to $900....
Related News
XRP has given up a serious percentage of its recent gains, with the cryptocurrency’s parabolic rally fading and showing few signs of strength as sellers rise with full force. The cryptocurrency’s parabolic rally came about shortly after it plunged to lows of $0.23 before rallying to the top of its multi-year trading range around $0.30. […]
Ethereum extended its rally and it traded to a new all-time high above $3,000 against the US Dollar. ETH price is showing signs of more upsides towards $3,100 and $3,150. Ethereum remained well supported above $2,800 and it broke the $3,000 level. The price is now trading well above $3,000 and the 100 hourly simple […]
Popular crypto analyst and enthusiast, Doctor Profit has boldly predicted that Ethereum would see a huge parabolic move following the spot ETH ETFs launch before the year closes, which has garnered the interest of the cryptocurrency space. Ethereum Poised Major Price Rally Post-Spot ETH ETFs In the post on the X (formerly Twitter) platform, Doctor […]
Ethereum has enjoyed a massive rally over the past two days despite some weakness on the part of Bitcoin. The leading cryptocurrency has rocketed from the $500 region to highs near $600 as of this article’s writing. ETH currently trades at $590, dropping slightly as Bitcoin shows some weakness after an impressive 70% rally. Ethereum […]
Ethereum has undergone a strong rally over the past few days, pushing as high as $470. ETH is up around 10% in the past 24 hours, despite Bitcoin stagnating in the high-$15,000s. Ethereum’s rally higher comes as other altcoins have rebounded. Analysts remain bullish on Ethereum and altcoins. Ethereum Explodes Up, and It Has Room to Move Even Higher: Analysts Ethereum has undergone a strong rally over the past two days despite strong weakness over […]