News: Will Ethereum Golden Cross and BitPay Support Send ETH Surging?

Ethereum News

For the most complete data on all crypto currencies check: | The crypto research platform.

Full credits for this video to NewsBTC who listed the info in this video on an article on their website:

——–

Crypto tags:

#EthereumNews #CryptoNews

——–

Transcript:

0:00:00 Will Ethereum Golden Cross and BitPay Support Send ETH Surging?

0:00:04 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:10 This week has been all about Ethereum.

0:00:13 Finally the second largest crypto asset on the planet appears to be moving without the influence of its big brother dictating things.

0:00:20 ETH prices are on the up again today and the fundamentals keep improving.

0:00:24 It has been another good day for Ethereum prices which have finally reached the psychological $200 level after a month trading below it.

0:00:32 A dip back to the 50 hour moving average just below $190 yesterday was short lived as price quickly bounced back.

0:00:40 The move back to just below $200 is the highest Ethereum has traded at since this time last month.

0:00:46 A slight pullback has dropped ETH to $197 at the time of writing and it needs to break this barrier before its next leg up.

0:00:54 A golden cross is clearly visible on the four hour chart as the faster 50 MA crosses above the slower moving 200. This is a bullish trend reversal signal and is usually followed by a rally.

0:01:06 However, one analyst has noted that total market capitalization has not increased indicating that no new money is flowing into ETH yet.

0:01:14 “ETH is up but total crypto market cap still staying flat, price increase could just be money being moved around from other crypto’s rather than fresh money.

0:01:22 ETH is up but total crypto market cap still staying flat, price increase could just be money being moved around from other crypto’s rather than fresh money.

0:01:31 Others are hoping that Ethereum can kick start a wider altcoin run as Bitcoin appears to be running short of buyers.

0:01:37 At the moment the rest of the altcoins are flat or in the red but the possibility of an ETH decoupling will be strengthened if it can break the $200 barrier.

0:01:46 Thanks for checking this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

——–

Other Credits:
Background music: [No Copyright Music] Positive Rock by HookSounds

Creative Commons – Ask HookSounds for permission if you want to use this song.
Music promoted by Audio Library
* Created with technology | Creating videos out of your data.

Leave a Reply

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