Ethereum

Convergence

Bitcoin

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-hits-ath-is-ethereum-next/" rel="noopener noreferrer nofollow">Bitcoin Hits ATH, Is Ethereum Next?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The market leader, Bitcoin, had successfully achieved a new ATH with a high of just over $70,000. However, the rally was short-lived as the market experienced significant short-selling in their respective portfolios.</p>
<p>Positively, the elite coins have successfully regained momentum over the past few hours, resulting in a bounce back in the chart. At the time of writing, the ETH token traded with a price tag of $3,906.57.</p>
<h2 class="wp-block-heading" id="ethereum-token-on-a-path-to-record-new-high">Ethereum Token On A Path To Record New High!</h2>
<p>The cryptocurrency industry continues to display massive price fluctuation with top tokens experiencing significant pumps and dumps to their valuation. With the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">BTC price</a> experiencing a new ATH, the volatility in the market has leveled up.</p>
<p>The Ethereum token has recorded a jump of 2.14% within the past 24 hours, indicating a bullish reversal in the crypto space. Further, the ETH price has added approximately 15.35% within the past seven days, and 63.34% over the past 30 days.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/07k8n0A4iwkD-b4VlGYzWTJCIuK4D64TiU7TyC3d8NixCTzASIq_TZCbBTyhc7ADZWwENKp_FwG0Otm8zUKXWjfBqvLMOPNcvsxUSFFZ7OO4qgOC_YX-cTyOTNWFX-RPHjm1hYAhfnduNFSvPIVVzjc" alt="Ethereum Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ETH/USDT
 </figcaption>
</figure>
<p>Further, the star altcoin, Ethereum, is roughly 20% from achieving a new all-time high (ATH), highlighting an increased interest of investors in altcoins. Moreover, the market hints at a high possibility of an altseason which may act as a catalyst in the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" rel="noopener noreferrer nofollow">ETH price</a> achieving a new ATH.</p>
<p>The Moving Average Convergence Divergence (MACD) displays a constant green histogram, indicating a strong bullish influence in the crypto industry. Further, the averages show a rising pattern, suggesting a positive price action for the token in the upcoming weeks.</p>
<h2 class="wp-block-heading" id="will-eth-price-continue-rising">Will ETH Price Continue Rising?</h2>
<p>The Ethereum token is currently testing its major resistance level of $3,930 soon, the outcome of which is unpredictable. If the Star altcoin manages to hold itself above the level, it will prepare to test its all-time high (ATH) of $4,881 in the coming time.</p>
<p>Conversely, in case a trend reversal occurs, the ETH price may lose momentum which may result in a delay in achieving its target of a new ATH.</p>

Bitcoin Hits ATH, Is Ethereum Next?

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