{"id":377572,"date":"2019-04-08T08:00:27","date_gmt":"2019-04-08T08:00:27","guid":{"rendered":"https:\/\/wncen.com\/?p=377572"},"modified":"2019-04-08T03:05:31","modified_gmt":"2019-04-08T03:05:31","slug":"ethereum-rallies-ten-percent-today-will-eth-continue-to-200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-rallies-ten-percent-today-will-eth-continue-to-200\/","title":{"rendered":"Ethereum Rallies Ten Percent Today, Will ETH Continue to $200?"},"content":{"rendered":"

Ethereum generally missed out on last week\u2019s big Bitcoin induced crypto rally<\/a> as gains were way less than other digital assets such as Litecoin or Bitcoin Cash. ETH has woken up today though and is currently over 10% up as it approaches critical resistance levels.<\/p>\n

ETH Nears Five Month High<\/h2>\n

From around $165 this time yesterday, Ethereum has woken up and surged to just below $185 over the past few hours. It is finally back at prices in mid-November before the big capitulation that resulted in markets falling to their lowest levels for 18 months.<\/p>\n

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Ethereum prices 24 hours. Counmarketcap.com<\/figcaption><\/figure>\n

Daily volume has increased to $8.7 billion which is the highest ETH has seen for over a year. Ethereum market cap is approaching $20 billion which has enabled it to double the gap to third placed XRP which hasn\u2019t done much at all recently.<\/p>\n

Ethereum is reaching a critical stage though as it approaches the 200 day moving average which is traditionally a very strong level of resistance.<\/p>\n

https:\/\/twitter.com\/ScienceGuy9489\/status\/75176193<\/p>\n

The next major level of resistance if Ethereum does not pull back at the 200 MA is $200. It is a big ask but if the bulls maintain buying pressure on Ethereum it could surge all the way up to $250 in a short space of time;<\/p>\n

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[7 Apr] $ETH<\/a>\/USD was under the resistance zone on 5th Apr and we wanted it to retest the target#1 ($183). Today, it has done it.<\/p>\n

Now, it'll face some resistance until $200. Once that's crossed, the target#2 of $149 would be highly probable.#ETH<\/a> #Ethereum<\/a> #blockchain<\/a> #Crypto<\/a> pic.twitter.com\/0PTi3mrVNT<\/a><\/p>\n

— \u24c2\ufe0f Mihir (@RhythmicAnalyst) April 8, 2019<\/a><\/p><\/blockquote>\n