Analytics / Forex and Crypto News
Ethereum has an interesting achievement at the start of the new week. Over the weekend, the price of Ethereum added about 8%, exceeding important levels of $185 and $190. At the time of publication, Ethereum is trading at $194.6.
According to analyst Josh Rager, Ethereum may currently show signs of a reversal. While Bitcoin dominates the cryptocurrency market, the Ranger again draws attention to the second coin by market capitalization.
On his Twitter account, he tweeted that the price of Ethereum concerning Bitcoin has finally moved and closed above the daily 20MA. Over the past few months, the downtrend could be determined precisely by this indicator. The break of the whole cluster of resistance levels can be a good confirmation of a bullish reversal.
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