Ethereum becomes comfortable over $ 500 as Altcoins move

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Ethereum had a bullish weekend. It topped its previous 2020 high of $ 489 on Friday morning and quickly surpassed $ 500.

This chart study analyzes the current situation for altcoins such as Ethereum versus the broader cryptocurrency market.

Click here to view the related idea and chart analysis on TradingView.

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David Russell is VP of Market Intelligence at TradeStation Group. Drawing on nearly two decades of experience as a journalist and financial analyst, his background includes equities, emerging markets, fixed income and derivatives. Previously he worked at Bloomberg News, CNBC and E * TRADE Financial. Russell systematically examines countless global stocks and financial indicators for broad marketable trends that present opportunities repeatedly over time. Clients can expect it to keep them valued on industry leadership, relative strength, and great stories, especially those overlooked by other commentators. He is also a big fan of leverage generation with options to limit risk capital.

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