All the coins in the crypto market were finally getting back on track. Ethereum [ETH], Cardano [ADA], and Uniswap [UNI] were seen faring better than the other coins. Bitcoin [BTC] was seen getting out of the red zone and was moving on to $48K. The market cap of the king coin was noted at $898 billion and continued reigning in the crypto market. The global crypto market cap was seen moving downwards at $1.44 trillion.
Ethereum [ETH] finally made its way to $2K. However, this trend was interrupted by the bears in the market. The bears posed a huge barrier between the asset and $2K. The altcoin was finally trying to garner the gains it had lost during the past few days. At press time, ETH was trading for $1,569.81 with a 6.78% rise in the last 24-hours. The market cap of ETH was noted at $180.36 billion.
Ethereum [ETH] One-Hour Price Chart
The bulls were camping in the ETH market while the bears tried to enter. The indicators used in the short-term price chart were all pointing out at the bulls. The Parabolic SAR indicator had laid out dotted lines below the candlesticks. This line acted as support against any immediate downfalls. But, a single dot was seen forming over the candlesticks alerting the presence of the bears. The Chaikin Money Flow indicator was way over zero further affirming the presence of the bulls.
The Money Flow Index was seen in the buyers’ arena as its marker was over the 50 median.
Ethereum [ETH] One-Day Price Chart
The Bollinger Bands indicator used in the one-day price chart of ETH suggested that the altcoin could face an increase in volatility as the bands were wide apart. The green closing bars formed by the Awesome Oscillator indicator were seen alerting the market about the presence of the bulls.
The Relative Strength Index indicator was seen residing earthward revealing a sellers’ market.