Ethereum updated its maximum

The second in terms of capitalization world’s crypto-currency has again renewed its local maximum, thereby even more approaching its maximum mark of $ 415.00. The growth of the ethereum was provoked mainly by the negative dynamics of most of the crypto-currencies including bitcoin. See “The State of the Crypto-Currency Market. Bitcoin Cash is in the catbird seat” During today’s trading, the price of the ethereum has grown by 6.2% and reached $ 401.30.

Technical analysis: Today, the price of the ethereum managed to break through the resistance line of the rising channel on H1, which is a signal of further growth and, perhaps, the renewal of the historical maximum in the near future. In case of correction of the ethereum price, one should consider the main support levels at $ 370.00 $; $ 350.00.

Fig. ETH/USD chart, current price – $ 394.85.

Alexander Sivtsov