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$575.08 -1.05408
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$65,532.00 -0.42325
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Ethereum
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$3,328.84 -3.92351
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BNB
BNB (BNB)
$575.08 -1.05408
BNB price
Solana
Solana (SOL)
$179.02 4.36669
Solana price
XRP
XRP (XRP)
$0.6205740 4.60992
XRP price
Shiba Inu
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$0.0000168 -0.67555
Shiba Inu price
Pepe
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$0.0000122 -1.78453
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Bonk
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$0.0000275 -2.43026
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Bitcoin
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$65,532.00 -0.42325
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$3,328.84 -3.92351
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BNB
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$575.08 -1.05408
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Solana
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XRP
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Shiba Inu
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Pepe
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Bitcoin
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Ethereum
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$3,328.84 -3.92351
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BNB
BNB (BNB)
$575.08 -1.05408
BNB price
Solana
Solana (SOL)
$179.02 4.36669
Solana price
XRP
XRP (XRP)
$0.6205740 4.60992
XRP price
Shiba Inu
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$0.0000168 -0.67555
Shiba Inu price
Pepe
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$0.0000122 -1.78453
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Bonk
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$0.0000275 -2.43026
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Ether skyrockets by 9% in 24 hours with massive crypto bounce

ether-skyrockets-by-9-in-24-hours-with-massive-crypto-bounce
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Ether skyrockets by 9% in 24 hours with massive crypto bounce

Ethereum (ETH), the second largest cryptocurrency by market cap, is on a bullish streak and is expected to reach new heights in the coming days. Over the past 24-hours, its price surged by a whopping 9.29% to reach $1,649 as of March 13.

Ether skyrockets by 9% in 24 hours with massive crypto bounce - 1
ETH/USD price chart with technical analysis | Source: TradingView

Initially, ETH faced some resistance from the bears when it reached the $1,370 mark, but it did not back down. Instead, the cryptocurrency continued its upward trend and climbed above the $1,450 resistance level.

The most exciting part was that ETH broke through the significant bearish trend line near the $1,480 mark on the hourly chart of ETH/USD. This marked a significant turning point, and soon after, the pair surpassed the $1,600 resistance level.

Over the past 30 days as of March 13, ether has shown an impressive 40% green days and recorded 4.59% price volatility. While the fear & greed Index suggests a neutral sentiment, technical indicators also show a neutral position.

The 200-day and 50-day simple moving averages (SMA) indicate a buy for the last two days and one day, respectively. The relative strength index (RSI) is at 55.26, indicating a neutral position. The 3-day, 5-day, and 10-day SMAs also indicate a BUY, while the 21-day and 50-day SMAs suggest a sell.

In terms of exponential moving averages (EMAs), the 3-day, 10-day, and 50-day EMAs indicate a buy, while the 21-day and 100-day EMAs indicate a sell. What does this all mean for ethereum? According to CoinCodex, ETH is set to continue its bullish trend and reach a price of $1,752 by March 21.