Today news
About the same in other media
Ethereum outperforming Bitcoin means this for the rest of the market
Reading now: 801
The onset of December saw both top coins’ trajectories pick up pace, after a rather laid-back November. Bitcoin saw over 4% gains while Ethereum shot up by over 10% over the last two days taking the market by surprise. This, however, wasn’t the first time Ethereum outperformed BTC and other major alts.
The top altcoin on a wave of renewed anticipation saw a clear break above the $4,200 resistance zone and the 100 hours simple moving average on 29 November. This breakout above the bearish trend line and a major resistance near $4,205 on the hourly chart pushed ETH’s price up.
Source: Trading View
Further, the asset’s price was in a descending channel, as seen above, which presented strong support at $3,960 for ETH. Ethereum’s over 5% jump on
Read more on ambcrypto.comAbout this in other media
After a choppy price action, is there hope for Ethereum on the road ahead ambcrypto.com /3 years ago
Will December see Ethereum outperform Bitcoin again ambcrypto.com /3 years ago
Why Ethereum MUST stay above $4k for the next 48 hours, at least ambcrypto.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
