Analytics / Forex and Crypto News
Ethereum followed Bitcoin and also showed significant growth. On April 16, the price of Ethereum rose by $24 and reached a level of $172. On the 4-hour price chart, the ETH/USD pair first lowered to a minimum of $148 and then formed 4 bullish candles in a row. On the way to the $172 mark, Ethereum was able to overcome several key levels of $158, $164, $164, $170.
At the time of publication, the price of Ethereum is $170 and the pair ETH/USD is trading around this level.
It is worth noting that a break above $158 paved the way for the ETH/USD pair to today's price. Now an important level for Ethereum is the level of $168. Break below this level could lead the pair of ETH/USD to $166. In case of a breakdown of this level, we will see a decrease of the ETH/USD pair to the region of $163.
On the other hand, an area of $174-175 provides enough resistance. If the ETH/USD pair can rise above this level, it will be able to come close at around $180, in the future to rise to the region of $185. Further, the level of $192 is a strong barrier to the pair ETH/USD on the way to 200.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov