Ethereum Rallies To Fresh Record- Investors Looking Beyond Bitcoin
Jan, 09th 15:03
Ethereum, the second largest cryptocurrency by market cap, hit a fresh record high on Tuesday, as its strong rally continued with investors looking beyond bitcoin. Ethereum’s string of record highs comes as investors are looking at alternative digital currencies beyond bitcoin.
Ethereum hit an all-time high of $1,249.50 on the Bitfinex exchange, up around 10% from its last close.
It is currently the second-largest cryptocurrency by market capitalization. Ripple’s XRP temporarily overtook ether as the second-largest cryptocurrency in December. Ripple’s market cap rose above $100 billion for the first time last Thursday. Ripple is currently, down around 8.76% to $2.2900, after tumbling 13.36% on Monday.
On the technical charts, Ethereum (ETH/USD) has made higher highs and higher lows on the daily chart. The market is testing the upper band of the Bollinger bands. The RSI is at 82.74. The MACD is in the positive zone.
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