ETH – Ethereum Breaks Above $200 and Retreats

ETH – Ethereum today makes an attempt to break above $200 as the bulls are gaining momentum. ETHUSD breached yesterday the 50 day moving average and a close above today will give bulls the upper hand. The second largest crypto currency by capitalization managed to recover from the monthly low at 174 which looks like a strong support level as Ethereum managed to rebound from that level the last times that visited that area. Immediate resistance for Ethereum now stands at 202.87 today’s high while more selling pressure will be met at 214 the high from August 12th. On the downside first support stands at 195.74 daily low, followed by the recent low from August 18th at 177, while a convincing break below can lead the price down to 159 the low from May 6th.

ETH – Ethereum market capitalization stands at 21.5 billion with the trading volume today reaching 5.8 billion. Bitcoin – BTC trades at 10,562 with a market cap at 21.5 billion and Litecoin – LTC trades at 74 with a market cap at 4.7 billion. The 100 biggest cryptocurrencies market capitalization holds above 276.4 billion.Don’t miss a beat! Follow us on Telegram and Twitter.

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