Cryptocurrency
Ethereum Is About to “Moonshot” After Surging Past This Key Level
As reported by NewsBTC, “Ethereum (ETH) may be on the cusp of seeing a massive parabolic rally, with the crypto’s recent bullishness laying the groundwork for what could be a violent upwards movement. “The firm uptrend that ETH has been caught within throughout 2020 has allowed it to slowly grind up towards the $200 level […]
As reported by NewsBTC, “Ethereum (ETH) may be on the cusp of seeing a massive parabolic rally, with the crypto’s recent bullishness laying the groundwork for what could be a violent upwards movement.
“The firm uptrend that ETH has been caught within throughout 2020 has allowed it to slowly grind up towards the $200 level – a price region that has not been seen since September of last year.
“Analysts are now widely noting that ETH’s decisive break above $200 could lead to a ‘moonshot’ rally, with a recently formed technical formation also suggesting that ETH could be on the cusp of seeing parabolic returns.
“At the time of writing, Ethereum is trading up just under 10% at its current price of $204.81, which marks a massive climb from daily lows of $188 that were set just prior to the momentum that was incurred earlier this morning…”