Currencies29278
Market Cap$ 2.39T+1.25%
24h Spot Volume$ 46.43B-13.1%
DominanceBTC50.90%-0.81%ETH17.11%-0.65%
ETH Gas12 Gwei
Cryptorank
MainNewsEther Price ...

Ether Price Pumps, But SEC Decisions Could Spoil the Party


May, 20, 2024
< 1 min read
by CoinEdition
Ether Price Pumps, But SEC Decisions Could Spoil the Party
  • Ether price up, breakout possible
  • Technical indicators signal potential rise
  •  SEC rulings on ETFs create market uncertainty

Ethereum’s price surged by 5.59% last week, reaching $3,089.25. However, it has experienced a modest decline of 0.56% in the past 24 hours. With a trading volume of $10.95 billion and a market capitalization of $371.1 billion, Ethereum’s market activity is attracting considerable attention.

Technical analysis reveals that the Relative Strength Index (RSI) for Ethereum on the weekly chart sits at 55.47. This value indicates a market that is neither oversold nor overbought. Traders are therefore anticipating potential price movements in either direction. This balanced RSI suggests that the market could soon experience increased volatility.

Furthermore, the Moving Average Convergence Divergence (MACD) indicator on the weekly chart stands at 233.9, suggesting a possible bullish trend reversal. Traders often seek confirmation from other indicators before making investment decisions. Consequently, this MACD signal adds to the anticipation of a potential upward price movement.

Source: TradingView

The Know Sure Thing (KST) indicator…

The post Ether Price Pumps, But SEC Decisions Could Spoil the Party appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethereum ETF Speculation Fuels SOL, DOT, ADA Rally, Bitcoin Faces Short-Term Pressure

Ethereum ETF Speculation Fuels SOL, DOT, ADA Rally, Bitcoin Faces Short-Term Pressure

A crypto market analyst predicts that an impending Ethereum ETF approval could trigge...
Jun, 25, 2024
< 1 min read
by CoinEdition
Justin Sun-Linked Wallet Sparks Ethereum Selloff on Binance

Justin Sun-Linked Wallet Sparks Ethereum Selloff on Binance

A wallet suspected to belong to TRON founder Justin Sun has withdrawn a significant a...
Jun, 24, 2024
< 1 min read
by CoinEdition
MainNewsEther Price ...

Ether Price Pumps, But SEC Decisions Could Spoil the Party


May, 20, 2024
< 1 min read
by CoinEdition
Ether Price Pumps, But SEC Decisions Could Spoil the Party
  • Ether price up, breakout possible
  • Technical indicators signal potential rise
  •  SEC rulings on ETFs create market uncertainty

Ethereum’s price surged by 5.59% last week, reaching $3,089.25. However, it has experienced a modest decline of 0.56% in the past 24 hours. With a trading volume of $10.95 billion and a market capitalization of $371.1 billion, Ethereum’s market activity is attracting considerable attention.

Technical analysis reveals that the Relative Strength Index (RSI) for Ethereum on the weekly chart sits at 55.47. This value indicates a market that is neither oversold nor overbought. Traders are therefore anticipating potential price movements in either direction. This balanced RSI suggests that the market could soon experience increased volatility.

Furthermore, the Moving Average Convergence Divergence (MACD) indicator on the weekly chart stands at 233.9, suggesting a possible bullish trend reversal. Traders often seek confirmation from other indicators before making investment decisions. Consequently, this MACD signal adds to the anticipation of a potential upward price movement.

Source: TradingView

The Know Sure Thing (KST) indicator…

The post Ether Price Pumps, But SEC Decisions Could Spoil the Party appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethereum ETF Speculation Fuels SOL, DOT, ADA Rally, Bitcoin Faces Short-Term Pressure

Ethereum ETF Speculation Fuels SOL, DOT, ADA Rally, Bitcoin Faces Short-Term Pressure

A crypto market analyst predicts that an impending Ethereum ETF approval could trigge...
Jun, 25, 2024
< 1 min read
by CoinEdition
Justin Sun-Linked Wallet Sparks Ethereum Selloff on Binance

Justin Sun-Linked Wallet Sparks Ethereum Selloff on Binance

A wallet suspected to belong to TRON founder Justin Sun has withdrawn a significant a...
Jun, 24, 2024
< 1 min read
by CoinEdition