The changes in the price of crypto assets affirmed that the bulls were in the market. Ethereum [ETH], Binance coin [BNB], and Litecoin [LTC] were seen leading this bull market. While Bitcoin [BTC] was still stuck at $59K, all the other coins were seen moving ahead. Binance coin was on top of its game as it was seen recording a 13.15% surge in the last 24-hours. Furthermore, the overall market cap of the crypto-verse was at $1.93 trillion, heading towards achieving a new milestone.
The price of Ethereum [ETH] had surged above $2,000 once again. Just about a month ago, the altcoin managed to secure an all-time high of $2,036. At the time of writing, ETH was trading for $2,006 with a 3.42% rise over the last 24-hours. The entire week seemed to have been extremely beneficial for the asset as it bagged gains up to 23%.
Ethereum [ETH] One-Hour Price Chart On Bitstamp
The short-term price chart of ETH recorded a bullish momentum. The Parabolic SAR indicator had laid out dotted lines below the candlesticks further diminishing the chances of a downward breakout. The Chaikin Money Flow [CMF] indicator mirrored this trend by staying in the bullish arena. The Money Flow Index [MFI] indicator was exhibiting a buyers’ predilection as the MFI marker was at 70 median.
Ethereum [ETH] One-Day Price Chart On Bitstamp
The one-day price chart of ETH revealed that the altcoin had the capability of achieveing a new all-time high. The Bollinger bands indicator revealed limited volatility as the disparity between the bands was considerably low. The Awesome Oscillator indicator laid out green closing bars which further announced the presence of the bulls in the ETH market.
A buyers’ sentiment was noted in the altcoin’s market, the Relative Strength Index [RSI] indicator. The RSI marker was up by 70 median and seemed to be making its way onto the oversold zone.