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The ETH shows signs of rebirth
In a pleasant change, cryptocurrencies have become detached from past high volatility trends and have shown a relative amount of stability and calm in the last 24 hours. Another surprising revelation is the fact that ETH is slowly but steadily closing the gap on XRP which is currently at point 2. It's been over a month since Ethereum lost its coveted position of number 2 to XRP and since then has lived in the shadow of XRP, which has experienced a good performance between November and December, allowing it to increase its capitalization compared to the market capitalization of Ethereum. But now Ethereum is making headway and at the time of writing, ETH is trading at $ 136.33 with a market capitalization of $ 14.193.598,839, which is about $ 304 million behind XRP. The worst digital resources are Bitcoin money [BCH] down by 1.73% and Bitcoin Satoshi Vision [BSV] drop of 1.48% in the last 24 hours. Well, at the height of the new year all the major currencies are traded in red and show a modest loss.
ETH / USD
If we look more closely at the chart, we will find that ETH must break resistance at $ 139.8 to start over. Currently, the currency has found support at $ 118.4 and there is every chance that the currency will soon break the $ 140 resistance. The RSI indicator is at 50.1815 which shows greater selling pressure and the MACD shows that he's back again in the bearish zone. The currency was traded above the key resistance limit of $ 139.00 and now hovers around the mark. If the currency breaks below the 100 SMA and $ 130 level, then there is every chance of further declines in value. There is also a short-term bearish trend formed around the $ 138 mark.
ETH / BTC
At the time of the press, Ethereum lost almost 1.15% and the only Ethereum [ETH] is equal to 0.03601441 BTC
Latest updates
In an interesting development, at the beginning of this month, ETH saw an increase of almost 100,000 unique addresses a day from May to reach the 50 million mark now. The report also added that Ethereum has approximately 50 percent of the total Bitcoin users and the main reason behind it is that Ethereum has about 50% of the total Bitcoin addresses.
Moreover, in a long-awaited move, the members of the Ethereum development team reached consensus and announced that the activation of the updating of Constantinople is now scheduled for block n. 7,080,000 and will take place between January 14 and January 18, 2019.
See also: When ICO returns, Ether will test $ 200: BitMEX CEO
Joseph Lubin of Ethereum defines a fund for the encrypted market, offering information on ConsenSys
Image via Shutterstock
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