The state of the crypto-currency market: Ether has regained its former glory

In today’s trading, almost all of the world’s most popular crypto-currencies, including Bitcoin, are falling in price. In general, this situation in the market of crypto-currencies is associated with the redistribution of capital and the flow of resources into undervalued assets, which was just at the end of 2017. The Ether temporarily took the third position in terms of market capitalization. Over the past 24 hours, the cost of Ether increased by approximately 6.5%, with a maximum mark of $ 1,233.11 per coin, and market capitalization exceeded $ 119.00 billion. This returned Ether second position in the market.

Technical analysis: After yesterday’s upgrade of the maximum mark to $ 1 211.33, the price of the Ether fell sharply, having worked out at the same time a significant correctional level of 38.2 Fibonacci on H1, which gave an opportunity to update the historical maximum again. At the moment, the main resistance is $ 1 210.00. In the event that the price will be able to gain a foothold above this level, one should expect further growth in the price of the crypto currency. Also, read my article “Crypto currency of the world. Ethereum. “

Fig. ETH/USD. The current price is $ 1 197,750.

Alexander Sivtsov