Ethereum [ETH] Harbors The Bears Staggering The Growth Of The Altcoin

Ethereum [ETH] Harbors The Bears Staggering The Growth Of The Altcoin

The crypto market was seen recovering from its recent downfall. Ethereum [ETH]. Binance coin [BNB] and several other coins were finding their way back into new highs. While Bitcoin [BTC] continued to remain below $59k, the altcoin market rose. The dominance of the king coin slumped to a low of $56.2%. The overall market cap of the crypto industry also took a hit and had slumped by 6.07%. At press time the global crypto market cap was noted at $1.87 trillion.

Ethereum wasn’t very far off from its all-time high of $2,152.45. At the time of writing, ETH was trading for $2,031.19 with a 2.49% surge in the last 24-hours. The altcoin managed to secure profits of over 8.85% over the last seven days. The market cap of the asset was noted at $227.94 billion as it retained itself as the second-largest cryptocurrency. Additionally, ETH’s market dominance was at 12.1%.

Ethereum [ETH] Four-Hour Price Chart On Coinbase

Ethereum
Ethereum [ETH] Harbors The Bears Staggering The Growth Of The Altcoin 1

The short-term price chart of ETH announced the presence of bulls. The Parabolic SAR indicator laid out dotted lines over the candlesticks, which further indicated that any possible uptrend could be diminished. While this indicator revealed a bearish momentum, the Awesome Oscillator indicator suggested that the bulls were in the ETH market as it formed green closing bars.

While the altcoin had both the bulls and the bears in its market, the Money Flow Index indicator exhibited a sellers’ sentiment in the ETH market.

Ethereum [ETH] One-Day Price Chart On Coinbase

download 23
Ethereum [ETH] Harbors The Bears Staggering The Growth Of The Altcoin 2

The one-day price chart of the altcoin was inclining towards the bears. The MACD line remained below the signal line for quite a while now. This bearish crossover seems to have staggered the growth of the altcoin. The Chaikin Money Flow seemed to be struggling to make it past the zero median. While it was in the bullish arena, it could fall below zero at any time. The Relative Strength Index indicator was exerting dainty bullish sentiment as the marker was around the 50 median.

Published at Thu, 08 Apr 2021 15:30:00 +0000

ALTCOIN NEWS BITCOIN NEWS BLOCKCHAIN NEWS CRYPTOCURRENCY NEWS ETHEREUM NEWS EXCHANGES NEWS LITECOIN NEWS MARKET NEWS REGULATION NEWS
Gamestop
Important Facts of Gamestop Entering into Cryptomarket
UniFarm
UniFarm Raises $2 Million After Launching Innovative Farming Pool Featuring 17 Top DeFi Projects
XRP, FTX Token, Waves Price Analysis
#HODL #SHILL YOUR SH*T COIN! #SPOTTED! #VIRALS BITCOIN SCAM WATCH FUN QUIZZES
bitcoin-scams
Top 5 Bitcoin Scams you should be aware of!
Instagram Influencer Accused of Scamming Followers Out of $2.5M In Bitcoin Scams
five assorted color cars parked inside room
WHAT WILL YOU BUY WITH YOUR BULL MARKET GAINS?
FAQ'S INTRODUCTION TO BITCOIN INTRODUCTION TO BLOCKCHAIN INTRODUCTION TO CRYPTOCURRENCY EXCHANGES
Cryptocurrency
4 Amazing Perspectives of Cryptocurrency Characteristics, Everyone Should know
How bitcoin Transactions Work
Bitcoin For Beginners: 5 Plus Important Reasons Why You Should Understand The Future Impact of Bitcoin On Society
blockchain
5 Important points about Blockchain, Cryptocurrency, and Bitcoin(Safe or Not)
EXCHANGES WALLETS
coinbase
4 Best Crypto Coins on Coinbase
flat lay gadgets beside bearded man
ULTIMATE LIST : BEST BITCOIN AND CRYPTOCURRENCY WALLETS 2021
person shopping online
2021 BEST BITCOIN AND CRYPTOCURRENCY HARDWARE WALLETS TO STORE YOUR COINS SAFE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.