Ethereum Price Analysis : ETH Price Surges Above 7%

At present, the crypto space is back with the bullish sentiments with major coins staying green. Also, the Bitcoin price has surged up to 4%, while altcoins demonstrate positive momentum.

At present, Ethereum is leading in terms of gains following ETH, litecoin is second leading cryptocurrency in terms of gains with more than 5% gains. According to CoinMarketCap, the total capitalization of all digital coins in circulation hit $269,784,004,174. 

Past week, Ethereum Price showed a major drop trading to a new monthly low at $174. Ethereum price recovered above the key $190 resistance level. Moreover, there was a break above the $192 and $195 resistance levels. 

Ethereum is holding the 2nd position with 6.71% growth trading at $200.60 USD. In terms of TRX/BTC, the coin is trading at  0.01873662 BTC with 2.49% growth. 

Currently, the ETH coin is holding market cap $21,540,626,379  with $6,426,762,357 hour volume and 107,383,637 ETH circulating supply.

Analyst predict the buyers have the upper hand. The MACD is moving higher within the positive territory. The positive divergence signals rising buying power

Moreover, the Relative Strength Index is currently placed nicely above the 60 level. In spite of all these, if buyers manage to keep the price above $200, they will get time to stage another breakout.

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