Ethereum(ETH) was showing from a long time a shine of running fast but it was stuck due to bitcoins predication in the market. lots of traders give the signal that bitcoin can go deep again up to 7000$ due to this going deep fears traders are waiting for the going deep and buy from there. Ethereum was also trading deep between 220$ to 230$ for almost two weeks. between this two weeks Cardano ,Chainlink , Algorand Defi coins become more than double. finally yesterday night Ethereum start jumping and its touch 270$ marks after a long time .
Technically, Ethereum(ETH) is poised for more action (pumping) towards the coveted $280. In the meantime, a period of consolidation is expected to take place with Ether holding above $260 (initial support). The Moving Average Convergence Divergence (MACD) holds above the midline. This shows that buyers are in control. Moreover, gains are likely to continue as long as the divergence above the MACD stays intact or increases.
Bitcoin (BTC) instance stepping up above the barriers at $9,400 and $9,500. The largest cryptocurrency extended the bullish leg drawing closer to $9,600.
Now that Bitcoin (BTC) price has managed to close the day above $9,500 investors will watch to see if a higher high above $9,775 can be achieved, after which a shot at the $9,900-$10,000 level comes into play.
JULY 22, 2020
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