The cryptocurrency market capitalization crosses $2 Trillion for the first time as Ethereum reaches an all an time high (ATH) of $2144!
Along Ethereum, several other Altcoins coins have enjoyed price increases. Including XRP, which is trading $1 for the first time since 2018.
Bitcoin also managed to hit a new all time high before going for a major correction and option-expiry-fueled sell-off, the cryptocurrency is currently trading at $57,693.93 at the time of this writing.
Ethereum on the other hand, was held by $1850 resistance level for most of March, climbing to $1920 before backing back down. Only to hit all-time-high last friday. Currently the altcoin is in the process of re-testing the previous all-time-high and validating as support.
The technical indicators are bullish for Ethereum. The stochastic oscillator, which shows reversal in trends by highlighting if an asset has been oversold or overbought, is yet to make a bullish cross, indicating further that the trend is bullish for Ethereum. Both RSI and MACD are also positive and increasing.
Furthermore the interest in Ethereum technology is growing. In parts, because of growing acceptance and appreciation for blockchain technology.
Similarly, investing in crypto has become more accessible and more institutional investors are transferring their wealth into crypto investments.
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