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The average cryptocurrency today soared

Polakandil

Well-known member
Today's average crypto price is moving in the green zone, Bitcoin is up 3.72%, Ethereum is up 5.37%, BNB is up 2.30%, Solana is up 2.89%, XRP is up 1.46%

Coinmarketcap's Fear and Greed Index shows a value of 68, which means that investors' enthusiasm for risky assets in cryptocurrencies has increased above the fear level. If the value reaches 100, it means the market is extremely greedy and may be corrected.

ETHUSD technical analysis

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ETHUSD D1 Ticktrader FXOpen

ETHUSD price on the daily timeframe formed a bull candlestick with a long body indicating a strong price rally after an upside breakout.

The Bollinger band expands, indicating high market volatility, the price of Ethereum has gained the highest compared to other cryptocurrencies, including Bitcoin. This may be due to Ethereum's fundamental news regarding the Ethereum ETF which is predicted to be approved in May.

MA 50 is far below the price, indicating strong bullish momentum. However, RSI gave a warning at level 72, which means the price has entered the overbought zone.

In the H1 timeframe, the price rallied strongly after breaking the upper band line, here the Bollinger band expanded, indicating rising volatility.

The MA 50 line is far below the price near the middle band forming an upward channel indicating strong bullish momentum. However, the RSI, which is an oscillator indicator, shows level 78, which means the price has entered the overbought zone with the possibility of a price correction.

#cryptocurrencies #cfdcrypto #ethusd #ticktrader #fxopenuk
 
It's always a good vibe when you see those green numbers flashing, right? Bitcoin, Ethereum, BNB – they're all riding the wave, and it's got me feeling bullish.But hey, gotta keep an eye on that Fear and Greed Index, too. When it starts creeping up, it's like a warning sign to stay sharp. Ain't nobody wanna get caught up in a greedy frenzy and end up getting burned.As for Ethereum, it sounds like it's on fire lately, especially with that ETF buzz. It may be time to ride that ETH train to the moon!And hey, if you're thinking about jumping into the action, you might wanna check out signing up for Binance here 바이낸스 가입. It's where I've made some of my best moves in the crypto game.
 
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Ethereum gains 4.12% today

Ethereum price broke $3000 and reached $3108.82, compared to Bitcoin's today's gain of only 0.31% at the time of writing.

ETHUSD price range for the last 24 hours was Low $2,984.01 and High $3,117.43. It appears that ETHUSD is forming a long body bullish candlestick with a higher high on Ticktrader FXOpen UK.

Crypto Patel reported on a post in Coinmarketcap that over the past 45 hours, someone purchased 57,500 #Ethereum ($174 million) across Binance and DEXs.

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ETHUSD D1 Ticktrader FXOpen
 
The average cryptocurrency experienced a significant surge in value today, driven by various factors such as positive sentiment, institutional adoption, and favorable regulatory developments. This surge reflects the ongoing interest and growing acceptance of cryptocurrencies as an asset class, potentially providing opportunities for traders and investors to capitalize on price movements. I use HFM to capitalize on that movements
 
Today compared to Ethereum, Bitcoin's gain has been higher in 7 days. Bitcoin gained 23.11% while Ethereum gained 18.36%. The Bullish Bitcoin factor was also influenced by Microstrategy holding Bitcoin 3,000 bitcoins for $155 million. And also the surge in funds into bitcoin ETFs and the asset's upcoming halving event as other bullish factors. While Ethereum is influenced by rumors an Ethereum ETF may be approved in May, there are also rumors of an ETHUSD upgrade currently at 3474.573

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