Ether Price Winning Streak Continues

in #cryptocurrency8 years ago (edited)

Ether price

soared by more than 25% against the US Dollar and Bitcoin. ETH/USD is currently correcting, but remains well into the bullish trend.

Key Highlights

There was another bullish wave in Ether price against the US Dollar and Bitcoin.
The ETH/USD pair was able to trade above the $30 handle, which was a strong uptrend signal.
ETH/BTC also jumped higher and broke the 0.022BTC resistance for a move above 0.0230BTC.

Technically, the 4-hour chart indicators are now retreating from the overbought territory.

Ether Price to Keep Rising

Ether’s winning streak continued during the past 24 hours, as it gained by more than 10% against the US Dollar. The ETH/USD pair was also able to surpass a monster hurdle at $30, setting yet another all-time high at $30.64.

The ETH/USD pair after trading as high as $30.64 started a correction, and moved below the $30 handle. However, it found support near a technical area at $26. There is a bullish trend line on the hourly chart positioned near the stated level.
Also, the $26 area coincided with the 38.2% Fib retracement level of the last wave from the $22.5 low to $30.64 high. It already bounced a couple of times from the trend line support, and it may continue to provide support.
If there is a break below the trend line support at $26.50, there can be a move towards the next bullish trend line positioned at $25.20. It is also just above the 50% Fib retracement level of the last wave from the $22.5 low to $30.64 high.
There is a minor toppish pattern formed near $30.50, which might provide a couple of correction waves. The 4-hour chart pattern also highlights the same.

There is a minor top pattern forming above $30, but there is also a bullish trend line positioned on the downside waiting to act as a barrier if the price moves down.
The price may continue to fluctuate, but remains supported for more gains as long as it is above $25.

Important Resistance Levels
$29.40 and $30.50
Important Support Levels
$26.00 and $25.00
Hourly RSI
The RSI technical is above the 50 level, and suggesting bullish signs.
Hourly MACD
The MACD is in the bullish zone, but losing momentum.

original source :
By Aayush Jindal
March 14, 2017 ETHNews.com
https://www.ethnews.com/analysis/03-14-2017-ether-price-winning-streak-continues
https://www.reddit.com/r/ethereum/comments/3fx7j7/some_quotes_from_ethereum_blockchain/

Blockchain quotes & shouts & celebrations :

Hash: 0xef673960a39542bab2ee7f0407aa9cf90d14e1740f1cd44583c0cf8f76460a15
Difficulty: 1,373,127,849,456
Miner: 0xdcaa6b5a9771756c30bf9e4629591344e36dbd54
Gas Limit: 6,437
Gas Usage: 0.0% (0 of 6,437)
Time: 2015-08-06 14:45:26 (2 years ago)
Uncle Hash: 0x1dcc4de8dec75d7aab85b567b6ccd41ad312451b948a7413f0a142fd40d49347
Root: 0x1f6cee3576058bf5708084e8326e7604c4b669857b0b72c976e2f4625ef5a9d8
Tx Hash: 0x56e81f171bcc55a6ff8345e692c0f86e5b48e01b996cadc001622fb5e363b421
Size: 546 bytes
Extra: Bob'); DROP TABLES Students; -- (Raw: 0x426f6227293b2044524f50205441424c45532053747564656e74733b202d2d)
Nonce: 0xd5ac87fb03cc4a8b
Reward: 5 Ether

Have a great day,
@BlockChainSupporter

Sort:  

Congratulations @spiritbear! You have received a personal award!

1 Year on Steemit
Click on the badge to view your own Board of Honor on SteemitBoard.

Upvote this notificationto to help all Steemit users. Learn why here!

Congratulations @spiritbear! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

Click here to view your Board

Vote for @Steemitboard as a witness and get one more award and increased upvotes!

Congratulations @spiritbear! You received a personal award!

Happy Steem Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

Downvote challenge - Add up to 3 funny badges to your board
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.029
BTC 62820.16
ETH 2438.32
USDT 1.00
SBD 2.69