Ethereum's course was firmer on Friday. There are no signs of a slowdown in recovery from the multi-month lows. The mission is clear: the world's second most important cryptocurrency wants to catch up on its massive losses in recent weeks as quickly as possible, and despite the declining momentum of recent trading sessions, Ethereum continues to rise north.
In terms of market capitalization puts Ethereum the Bitcoin slowly to my body. Ether currently stands at $ 84 billion and Bitcoin at $ 146 billion. Although both projects differ in significant ways, making comparison difficult, some believe that Ethereum will soon replace Bitcoin, the world's most important cryptocurrency.
From the point of view of the charting technique, the signs are gradually increasing that Ethereum is picking up speed again. Finally, the key support in the course region could be defended at 600/650 dollars. Reproduction gives this statement the development of the price within an ascending channel. As the uptrend continues, we see the next chart resistance at around $ 1,000. On the bottom, the support in the $ 800 circle should not be undershot by the daily closing price.
