Ethereum Climbs Back Above $2K, Bulls Hopeful of a Rally to $4K – crypto.news - BitcoinEthereumNews.com
crypto EthereumUmakyat Bumalik ang Ethereum sa $2K, Bulls Umaasa ng Rally sa $4K – crypto.news05 / 21 / 2022Balita ng Ethereum ng Bitcoin This weeks whirlwind price swings continued in the crypto markets on Friday. Bitcoin, which had dropped to $27,000, rose to around $30,000. On the other hand, Ethereum, which had dropped to around $2,000, is now above this level. Ethereum is Back Up $2K After a break below the 200-day moving average line on Thursday, Ethereum rallied to a high of $2,100.80. The currency pair is currently 4.5% higher from its previous peak yesterday at $2054.8. Like Bitcoin, the rise in Ethereum today is attributed to the bulls using the current floor of $1,950 as a starting point for their moves. ETH has slumped since reaching these highs in recent weeks, trading $20 below its earlier peak. In addition to passing the 35 RSI ceiling, now tracking above 36, the price is approaching hard resistance at $2,060. Some of the earlier bulls may have already exited their positions. However, the bears are still expected to exert some pressure on the pair as we head into the week. ETH Moving to $4K? Ayon sa isang teknikal na pagtatasa by Wolf, the price of Ether could reach