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Ethereum And Litecoin Prices Are Closing In On Golden Cross

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Ethereum and Litecoin prices are getting in on the golden cross and there’s an uptrend in crypto markets over the last few weeks which was led by bigger cap altcoins so in our Litecoin price news today, we take a closer look at the price movement.

Ethereum and Litecoin are up 85% and 75% respectively since the start of the year. Nonetheless, a lot of the rise can be attributed to the uptrend in Bitcoin and this is where the gains are comparatively lower. These two altcoins are now closing in on the golden cross between the 50 and 200-period EMA or the exponential moving average on a daily scale but the confluence before the golden cross often leads to the fake-out just close to the contact point. TraderSZ commented about the swing trade ideas and leading derivatives as well:

‘’Watching 205 for support. Will see how price behaves there if we get there to load more into ethusd. would be okay with pullback to 195 at most. Clean smash below last month high then im gna have to step back from longs, lowers my probability of idea #ethusd.’’

The 50-period moving average at 4-hour charts at $210 will serve as an important area of support in case of further downfall. Another prominent crypto trader TraderXO suggested that the local highs will drive Ethereum back to levels 0.019 to 0.020 BTC levels of monthly open. The higher prospects of higher rises in the altcoins distribute some of the bigger gains and investment from the largest cryptocurrency. The gains are larger and the fall is disastrous as well and the continuation of the bulls in Bitcoin could even see the price of Bitcoin for a while.

Similarly, on Litecoin charts we can see the 50 and 200-EMA are reaching across and the trend in Litecoin is currently bullish with the break above the head and shoulders pattern on the lower time-frames keeping the $92 price level still in play. The correction is back to retest the $60 levels is probable if the correction in the crypto markets starts. The uptrend in price with respect to the major cryptocurrency will seek support above the 0.006 BTC area for the bullish invalidation.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Ethereum News

One Indicator Suggests ETH Could Soon Rise To $200

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There has been a big market wide uptrend lately which was sparked when Bitcoin first broke above $7,000 - proving that the entire situation will be particularly beneficial for Ethereum, too. As the crypto news today show, one indicator suggests that ETH could soon rise to $200. In the near-term, it does appear that this momentum will extend significantly further. One fundamental indicator shows that ETH is undervalued at its current price and that it may shoot really higher in the future. The one indicator we are talking about may extend ETH's momentum further and prove that it is undervalued right now, giving it a chance to shoot higher. All of this comes as the crypto market approaches a critical technical level that bulls need to surmount, with a clean break above this level fuelling a new massive upside. Currently, the price of Ether (ETH) is up by over 7% at a price of $171, marking a notable climb from the multi-day lows of $140 which were set the past weekend. Anyways, the upswing marks an extension of that which was first incurred on Sunday evening, which was around the time when the cryptocurrency started pushing higher in tandem with Bitcoin. The ETH buyers, however, have proven to be more zealous than BTC's - the crypto has been consistently outperforming the benchmark cryptocurrency and is currently trading up just under 5% against BTC. The ETH news suggest that this one indicator could also spark a rise in the 200-day moving average, which is critical level that could determine whether or not this ongoing upswing transforms into a full-blown bull rally.
“Ethereum daily – First of the majors to retest MA 200 on this broader move,” one popular analyst noted in a recent tweet.
The technical level now sits around the $170 mark and could catalyse some significant momentum - especially if it is decisively broken above. According to the Glassnode research and analytics group, ETH's MVRV ratio shows that its current price levels should be roughly $202, while the market value now is significantly below this.
“Ethereum’s MVRV Ratio, a metric used to assess if price is above or below ‘fair value’, currently sits at 0.8 – indicating that it is currently undervalued. ETH’s realized price is currently $202 while current market value is $164.”
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Ethereum News

ETH/USD Pair Retreats To $170 Amid Crypto Market Correction

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The ETH/USD pair retreats to the $170 price level during the overall crypto market correction as per the ethereum news that we have below. The ETH/USD pair retreats after reaching the $168 level and is moving around to find a critical barrier before going further. The second-largest cryptocurrency reached a high of $176 but the bulls failed to hold the ground so the recovery for $200 price level is postponed. The ETH/USD pair lost more than 2% on the day-to-day basis and managed to gain 3% since the start of today.  At the time of writing, more than 25% of Ethereum addresses are in money which is a good improvement from yesterday. The minor ETH addresses cluster had a breakeven point at $178 which means that the upside could be limited by this area. The number of transactions continued to increase but the volume dropped. The ETH/USD pair found support by the 1-hour SMA50 at $1667 and if this level is broken, the sell-off could continue towards the lower line of 1-hour Bollinger Band at $163. This area could slow down the overall retreat but the move below this barrier will open up to the 1-hour SMA100 and the $156 following the crucial barrier at $150. The intraday RSI reversed to the upside and this means that the price could resume the recovery provided by the $170 level if it stays unbroken. On the daily chart, the ETH/USD is capped by the SMA200 at $172 and the recovery will gain traction in the next focus on daily SMA50 at $178 with the psychological level at $180. The area will be hard to pass for the ETH bulls but if it is cleared, $200 price level will come quickly into focus. Over the past week, Ethereum increased above the $130 price range, and the price spiked above the $145 resistance, settling above the 100 simple moving average. It later tested the $150 resistance area, which is where the bears emerged. There was a slight downside correction below this level and the price traded below the 23.6 percent Fib retracement level from the upward movement of the $129. If Ethereum remains stable above the $140 support and the 100 simple moving average, the price could rise further.
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Ethereum News

ETH Outperforms BTC As Whales Accumulate This Week

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The latest Ethereum news show that the second most valuable digital asset and biggest altcoin has seen a wave of buying in the past 24 hours. We can see that this is what gave strength to the coin and how ETH outperforms BTC in the past day, rising with double digit gains and leaving the most valued coin in the dust. As of press time today, we can see that Ethereum is up by more than 8%, now sitting at $169. It managed to breach the $170 levels this morning, too - trading at a price of $174 per token. Bitcoin, meanwhile, added a couple of points to go above $7,300 and it is still within this mark. The biggest price for BTC today was $7,431 per coin recorded this morning. ETH outperforms BTC and it did that in the past week and 3 months, stats show. Bitcoin, on the other hand, outperformed Ether in the past month and past 12 months. [caption id="attachment_38947" align="aligncenter" width="720"]eth outperforms btc Source: Coinpaprika.com[/caption] Currently, the latest cryptocurrencies news are showing a mix of reds and greens. However, the latest surge for ETH comes as blockchain analysis tools developed by the analytics firm Into The Block show a bullish sentiment surrounding Ethereum - rather than the one for Bitcoin. Most notable is the "concentration of large holders" which has increased and is now showing a positive change of 0.26%. As usual, the accumulation of coins by the largest holders - referred to as whales - is seen as bullish for the price. Despite the positive accumulation of coins by large Ethereum holders, the same metric indicates a negative value of -0.04% per BTC, indicating a slight bearishness by the largest investors in the Bitcoin market. If we dive deeper into the technical charts and analyses, ETH outperforms BTC and is looking relatively strong at the moment. There is some resistance that can be found around the $190 level but the Ethereum news show that this is a level that the price was at just before the major market crash on March 12. The low afterwards which reached $90 for ETH showed that ever since then, Ethereum managed to rise by 93% and almost recovered all of its losses from this ugly sell-off. Meanwhile, Bitcoin is up by 76% since then.
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Ethereum News

Key Trend In ETH Price May Soon Lead To Rally

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We are seeing a lot of divided opinions on the price of Ethereum (ETH) lately. However, what is also noticeable is a key trend in ETH price which may soon spark a rally and help ETH get over $160. This morning, the ETH news show that Ether is one of the market leaders with 7% gains in a relatively short timeframe. All of this started when the cryptocurrency made another attempt to surpass the $145 level and the resistance against the US dollar, but failed in doing so. This is when the ETH price formed a swing high near the $146 level and declined below $142. However, this decline was protected by the main $140 support level and the 100 hourly simple moving average. The price is currently rising and trading nicely above the $153 level. So, we witnessed a great price run by Ether (ETH) and a key trend in ETH price was formed. There was a break above the 50% Fib retracement level of the recent decline and ETH managed to go to $145 and then $153 very quickly. These indicators show that the price of Ether is now one of the cryptocurrencies with the strongest momentum in the crypto news today. Another very important and interesting detail in the Ethereum news comes from the network behind Ethereum. According to stats, the growth rate of the Ethereum (ETH) network is rising noticeably, something which indicates that the long-term outlook of Ethereum remains highly positive. Since January 2020, the Sentiment Ethereum addresses chart shows an increase from 40,000 to over 70,000 within four months. All of this suggests that more users are utilizing the Ethereum blockchain network. For any blockchain network, unique address growth is a crucial and fundamental factor for medium to long-term watch. The key trend in ETH price may also derive from this, and high profile investors such as Brian Kelly have consistently used this statistic to predict the price trend of major cryptocurrencies such as BTC and ETH. Since late 2019, we have seen an explosive rise in the popularity of decentralized finance (DeFI) platforms for loans which use ETH as collateral. All of this made the ETH price go up and fuelled the demand for this coin.
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