Ethereum (ETH) is a decentralized blockchain network that hosts the cryptocurrency Ether, which acts as a 'fuel' for decentralized apps on the network. Since it launched in 2015, Ether has quickly rivalled Bitcoin as one of the world's most valuable cryptocurrencies in terms of market capitalization. The chart gives a full picture of the ETH/USD live price. You can also find the latest Ethereum news, forecast and expert analysis to help you trade this cryptocurrency more consistently
Ethereum has rallied by over 80% since the January 23rd low print at $2,165 producing a fairly constant series of higher highs and higher lows. The one major short-term sell-off on Tuesday, March 5th was quickly recovered, underpinning the recent strength of the move, and an attempt on the $4k ’big figure’ resistance level seems likely as long as current market sentiment remains upbeat. As always with an asset class as volatile as the cryptocurrency sector, strong risk management is needed.
Today’s US Jobs Report can move a range of asset classes, including the cryptocurrency space, in either direction so attention to the 13:30 release is needed.
Ethereum has rallied by over 80% since the January 23rd low print at $2,165 producing a fairly constant series of higher highs and higher lows. The one major short-term sell-off on Tuesday, March 5th was quickly recovered, underpinning the recent strength of the move, and an attempt on the $4k ’big figure’ resistance level seems likely as long as current market sentiment remains upbeat. As always with an asset class as volatile as the cryptocurrency sector, strong risk management is needed.
Today’s US Jobs Report can move a range of asset classes, including the cryptocurrency space, in either direction so attention to the 13:30 release is needed.
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