The average cryptocurrency today appears to be moving in the green zone, but different from the average of other cryptocurrencies, Ethereum recorded a high increase of over 4% today.
According to data from Coinmarketcap today, Bitcoin is up 0.06%, Ethereum is up 4.20%, BNB is up 0.77%, Solana is up 0.08%, and XRP is up 1.21%.
Fear and Greed Index value of 75 indicates that Marktt's greed for crypto assets is high.
Ethereum price is now close to $3000, where it has recorded a new high of $2,958.05 and and low of $2,846.13.
Information from Coineagle reports on February 19, that Ethereum's founder, Vitalik Buterin, is excited about the launch of the Verkle Trees feature that promises faster syncing and drastic hard drive capacity reduction.
ETHUSD technical analysis
In the daily timeframe ETHUSD is now forming a higher high on Ticktrader FXOpen, there is a strong rally with two long bullish candlesticks forming in this timeframe.
The Bollinger band indicator is still forming an upward channel with wide band spacing, an indication of high market volatility.
MA 50 forms an upward channel near the middle band line, an indication of an uptrend market.
On the other hand, the RSI indicator, which is an oscillator indicator, shows level 80, which means the price is in the overbought zone.
In the H1 timeframe, the ETHUSD price is outside the upper band line, indicating that a strong breakout is occurring now.
Bollinger bands here form an upward channel with expanding bands indicating increasing market volatility.
The 50 MA is below the lower band forming an upward channel far below the price, an indication of strong bullish momentum
The RSI indicator that measures the overbought and oversold zone shows a value of 73 which means the price is in the overbought zone.
The summary of technical analysis indicators referring to Investing shows a strong buy signal, with details of signals Buy: 6 Sell: 1, and Neutral: 3