Ethereum News
Ethereum Price Flashing: Can ETH Surge To A New Yearly High?

The price of Ethereum is featured in our coming altcoin news. Over the past two weeks, Ether (ETH) has been a frequent topic of discussion. In the past day or two, the Ethereum price flashing green was another topic for analysts – all wondering if the altcoin has finished its retrace from a 2019 high at $364 or it has potential to rise even more.
This week, Ether settled at $170. Currently, the latest cryptocurrency news and updates feature the Ethereum price flashing at around $189 which marks a significant increase. On the day, ETH managed to add around 4% to its rise, proving that a bullish momentum may finally be building up.
Even though the news are not as exciting as they sound and not as convincing for a new bull run or a trend reversal, it is true that Ethereum can trigger many altcoins to grow now. In fact, the past 24 hours volume indicates that ETH has already pulled a lot of coins upwards. If Ether bottoms and reverses its course, however, the altcoins will also follow its trend.
Traders will now remember that starting from December 2018, Ether and Litecoin kickstarted a great year and initiated a rally which was dubbed as the “altseason” in the news. This is where all the excitement of the Ethereum price flashing went and why everyone is seeing behind the significant rise and to a potential rally.
The daily chart also shows that ETH managed to pop above its descending wedge after a double bottom with $167.50 support. On a large scale, it is clear that Ether is attempting to reverse the trend and a move above $196 is now set to be crucial for a new high.
When it comes to the purchasing volume, many best cryptocurrency news sites report that it is less than fantastic. Also, it is something that traders should keep an eye on. Some analysts are even attributing Ether’s rise to the network’s demand skyrocketing over the past month.
The weekly Moving Average Convergence Divergence (MACD) histogram also shows positive momentum during the Ethereum price flashing scenario – but the MACD has yet to pull above the signal line.
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Ethereum News
Ethereum’s Volatility Is At Multi-Year Lows, Signalling Potential Action

“With $ETH’s 60d volatility falling to levels not experienced since 2016 are we finally due for some price action? Or just more of the same,” they said when pointing to the price chart seen below.https://twitter.com/coinmetrics/status/1205572020504858624Now, it is highly probable that any ETH movement will still remain dependent on Bitcoin as BTC has been a strong guiding force over major altcoins in recent times. Even though it remains unclear as to whether or not Ethereum's volatilty could translate to a massive movement, opinions are split.The co-founder of Ethereum, Joseph Lubin, recently spoke about the strength that the cryptocurrency has. As he said in a tweet:
“Over 20M total #Ethereum accounts were created in 2019. Over $650M USD is currently locked in #DeFi. Over 4.5M $ETH was issued this year from block rewards. The @ethereum machine just keeps chugging!”https://twitter.com/ethereumJoseph/status/1205567272393293824
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