ETH – Ethereum has lost the strong momentum that started early April and consolidates around 205 zone. ETHUSD formed a swing low near $197 and recently recovered above the $205 and $210 levels. The second largest cryptocurrency by capitalization managed to recover from the low at 197 which looks like a strong support level as Ethereum managed to rebound from that level the last 4 times that visited 197. Immediate resistance for the Ethereum stands at 211.42 today’s high while more selling pressure will be met at 224 the 20 day moving average and a break above can lead the price to 263 the 50 day moving average On the downside first support stands at 204 daily low, followed by the recent low from July 28th at 197, while a convincing break below can lead the price down to 172 the low from May 10th.
ETH – Ethereum market capitalization stands at 22.3 billion with the trading volume today reaching 5.4 billion. Bitcoin – BTC trades at 9,491 with a market cap at 169 billion and Litecoin – LTC trades at 89 with a market cap at 5.6 billion. The 100 biggest cryptocurrencies market capitalization holds above 263 billion.
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