Ethereum Shows Signs of Life as Price Crosses $330 | Hacked.com

Ethereum gained the upper hand against the dollar Tuesday, rising to its highest level in a month as prices overcame a series of technical hurdles.

Ether Price Levels

Ether rose sharply in early-week trade, as the bulls overcame a difficult trading range en route to new monthly highs. ETH/USD broke above a series of technical hurdles, including $315 and $325, to reach its current price level of around $334. Prices briefly traded as high as $344 earlier in the day.

Ethereum also rallied against bitcoin, with ETH/BTC reaching a high of around 0.05480. Traders made multiple attempts to overtake that level and climb above 0.05500 but were sent back on two successive occasions.

ETH/BTC was last seen trading around 0.04928 for a decline of 2.7%. Technical traders are looking for a clean break above the 0.052 resistance to confirm further upside.

The Case for Ethereum

Ethereum may very well be the most unique cryptocurrency from a value perspective, according to economist Harry…


Article Source

Leave a Reply

Your email address will not be published. Required fields are marked *

Chinese (Simplified)EnglishJapaneseKorean