Ethereum Markets Rallied Last Week, Looks to Continue
The Ethereum (ETH) markets initially dipped last week, then after US Tax Day saw Key support at $500 and bounced, breaking above the important resistance at the $600 mark, then heading to $700.
Currently, Ethereum is trading at: 634.74, +13.41, or +2.1583%, as of 4:11a BST, the market is open and the circulating supply is 98.7-M ETH.
Technically the indicators tell us the price of ETH will move to $800 sooner rather than later, as the buyers and traders come back into market with the sense that it had seen and set a bottom.
We will see short-term dips that offer value, there are strong bids under the market, as long as the price is stable above support at $400, eventually the buyers and traders will again take hold of the market driving it North.
The HeffX-LTN Technicals and Sentiment are Neutral to Bullish in here.
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Have a terrific week.