Monday-Crypto Theme by Steemit Pakistan - Rise of Ethereum | by @benjamin09| 20% beneficiary to @steemit-pak
Introduction.
Ethereum is decentralized platform that deals with the block chain technology. The crypto currency used on this platform is Ether.
It was launched in 2013 and due to its fast rising nature, its value has risen and it has the 2nd rank in market capital in the crypto market. It is the coin which has the next highest market capital after the original crypto currency Bitcoin.
Price - Future price.
The current price of Ethereum when this post was made is $3600 and from the market movement and the use of indicators, I think it will rise again and reach the value of $3660 which is an increase in the price by $60.
From the above chart in the 1 hour timeframe, the value of Ethereum started rising at a continuous rate from 00:00 am on 11/10/2021 which is today. Not only so, the RSI line crossed the 50 mark and shot upwards indicating upward movement in the price of Ether.
Using the 4 hour timeframe in the above screenshot, there was an upward trend which started on the 1/10/2021 at a price of $3000 and it has been consistent ever since. This upward trend is shown by the line which is stretched upwards in the above screenshot. Also, the RSI has also shot up above the 50 mark line.
Conclusion.
I am in love with these themes which are set for particular days in the Steemit Pakistan community. This themes really bring uniformity in posting for that day and makes the community look more organized. It has also help me decide on what to post that day as I tend to get confused.
Thank you for reading.