Ethereum (ETH) made a big breakthrough with Bitcoin earlier this week. The coin was able to overcome the psychological mark of $200, which was previously expected by many analysts.
If for Bitcoin the starting point for a new breakthrough was the level of $6000, then for Ethereum such mark was $200.
Some experts call this level for the second by capitalization of cryptocurrency the updated fundamental position of the coin, on which it should be fixed and hold in the near future, because otherwise an aggressive jerk is unlikely.
At the time of publication of this material, the rate of Ethereum rose to $238, and its market capitalization exceeded $25 billion. The daily trading volume with ETH coins nearly reached $13 billion, an increase of more than 15% over the past 24 hours.
If we analyze the movement of the coin in April and the first half of May, then we can see that the ETH strengthened gradually with minor adjustments, but on the whole the positive trend remained. This suggests that the coin has real potential for a spurt up to $400.
The nearest point of resistance will be the mark of $300, analysts say. If the Ethereum stays at $300, then it will become its new fundamental position, and real prospects will emerge for more substantial growth.
In any case, the reason for Ethereum growth, like other Altcoins, will again be the largest cryptocurrency BTC. Bitcoin now holds the line above $8,000, and if we see its growth to $9,000, then the broadcast will also be fixed at a higher level.
Recall also last week the Binance Exchange was hacked, during which the attackers withdrew 7000 BTC. After that, the option of depositing and withdrawal of funds were frozen. In addition, trading was suspended on the eve of the system update. Today it became known that the Binance cryptocurrency exchange announced the successful upgrade of the system, the resumption of trading operations and the possibility of depositing funds.
In particular, it was announced that it is possible to cancel and open orders, deposit funds and use other functions of the trading platform. The head of the exchange Changpeng Zhao wrote that the possibility of withdrawing funds will resume soon.
Also, from May 15 to May 22, all users with VIP status at Binance will have access to commission rates that exceed their current level by one. For example, VIP 3 traders will be able to use VIP 4 opportunities during this period.
In addition, among the clients of the exchange, whose trading volume from May 15 to 18 will exceed 1 BTC, 50,000 BNBs will be distributed. Amid this news, the Binance Coin (BNB) rate began to rise sharply.
May-19-2019 03:52:48 PM