Bitcoin and Ether Market Update April 15, 2021
The Ethereum Project token ETH continued to march North, interrupted by the market volatility or fundamental events.
On Sunday, it once again hit the upper boundary of the wedge formation on the daily chart but was unable to break it. The coin remained stable in the $2,145 area and ended the week with a negligible (for cryptocurrency traders) 2.9 percent of increase.
On Monday, the ether remained relatively stable and closed the day flat after bulls were once again rejected at the mentioned diagonal line.
The Tuesday session was slightly different as a lot of new long positions were added to the market and the volume started to grow gradually. The ETH/USD pair climbed above the wedge and registered a 7.6 percent of price increase, which helped it reach a new highest point – $2,316.
The mid-week session on Wednesday was a continuation of the uptrend and the leading altcoin added yet another 5.9 percent to its valuation. Surprisingly or not, its performance was not impacted negatively by the Coinbase stock listing, which once again proofed the stability of the mid-to-long-term uptrend. It closed the day at $2,435.
ETH is trading at $2,448 midday on Thursday.
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