{"id":42875,"date":"2019-05-21T07:51:15","date_gmt":"2019-05-21T05:51:15","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=42875"},"modified":"2020-02-19T01:26:55","modified_gmt":"2020-02-18T23:26:55","slug":"ethereum-golden-cross-could-spell-greater-gains","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/ethereum-golden-cross-could-spell-greater-gains\/","title":{"rendered":"Ethereum Golden Cross Could Spell Greater Gains"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Ethereum has been on a rip recently. Just over the past\nseven days ETH prices have <a href=\"https:\/\/ethereumworldnews.com\/ethereum-surges-20-will-altcoins-pump-when-bitcoin-corrects\/\">surged\n20 percent<\/a> from just over $200 this time last Tuesday to $250 today. The\nfabled golden cross could signal greater upwards movement as the uptrend has\nnow been confirmed. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum Remains Bullish<\/h2>\n\n\n\n<p>Many had expected <a href=\"https:\/\/ethereumworldnews.com\/will-the-sec-vaneck-decision-cause-a-crypto-crash\/\">crypto\nmarkets to tumble<\/a> following a negative announcement from the US SEC\nyesterday regarding the VanEck ETF proposal. The most likely outcome actually\nmaterialized, which was a further delay by the lethargic regulators who\ncontinue to drag their feet with anything crypto related.<\/p>\n\n\n\n<p>During Asian trading today ETH has fallen below $250 after touching\nan intraday high of $254 a few hours ago. It is currently in a bullish pennant\nas noted by several traders on twitter. One has also observed the golden cross\nwith the 50 day exponential moving average crossing above the slower 200 day\nEMA;<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#ETH<\/a> Golden Cross Confirmed. Could take up to a few days for effect to show in price. <a href=\"https:\/\/t.co\/eK3dksfAn7\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/eK3dksfAn7<\/a><\/p>&mdash; Etherdamus (@Etherdamus) <a href=\"https:\/\/twitter.com\/Etherdamus\/status\/1130698465615392769?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">May 21, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>This is a bullish trend reversal signal which would signal\nfurther gains in the longer term. In terms of Bitcoin the charts there show\ncontinued support at the downtrend line which has just been broken.<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Finding support&#8230; <br>Aren&#39;t we good to go from here? <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">$ETH<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#Ethereum<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETHBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">$ETHBTC<\/a> <a href=\"https:\/\/t.co\/PzRfNUHbiu\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/PzRfNUHbiu<\/a><\/p>&mdash; CryptoHamster (@CryptoHamsterIO) <a href=\"https:\/\/twitter.com\/CryptoHamsterIO\/status\/1130693629222109185?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">May 21, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Ethereum is also currently having record trading volumes\naccording to <a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\" rel=\"nofollow noopener\" target=\"_blank\">Coinmarketcap<\/a>.\nDuring its 2019 peak last Thursday ETH volume was just below $20 billion, the\nhighest it has ever been. The price hit resistance at $275 before pulling back\nto around $240 where it has been for the past few days. <\/p>\n\n\n\n<p>Volume at the moment is around $10 billion which is four\ntimes what it was in early February. Using different metrics from Coinbase,\nCoindesk reported that ETH volumes were the highest they have been since December\n2017 when it surged from $450 to over $800. Including the exchanges new ETH\npairs in addition to the most popular two \u2013 ETH\/BTC and ETH\/USD \u2013 activity was\nworth over $1 billion during the seven day period. <\/p>\n\n\n\n<p>In terms of market capitalization Ethereum has powered away\nfrom XRP, which once held second place albeit very briefly. A $10 billion gap\nnow exists between ETH on $26 billion and the Ripple token at $16 billion. <a href=\"https:\/\/ethereumworldnews.com\/ethereum-eth-may-pull-back-over-next-two-weeks-bitmex-data-hints\/\">BitMEX\ndata<\/a> has indicated that there could be a pullback for Ethereum but all\nother signals are bullish. <\/p>\n\n\n\n<p>From a technical standpoint, big things are in store for the network as the <a href=\"https:\/\/docs.ethhub.io\/ethereum-roadmap\/ethereum-2.0\/eth-2.0-phases\/\" rel=\"nofollow noopener\" target=\"_blank\">Serenity<\/a> phased upgrade to ETH 2.0 approaches. This will silence its critics which are largely from rival dApp networks. Major improvements to scalability and a switch to proof of stake will be the torch that lights up the Ether flames again. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum has been on a rip recently. Just over the past seven days ETH prices have surged 20 percent from just over $200 this time last Tuesday to $250 today. The fabled golden cross could signal greater upwards movement as the uptrend has now been confirmed. Ethereum Remains Bullish Many had expected crypto markets to tumble following a negative announcement from the US SEC yesterday regarding the VanEck ETF proposal. The most likely outcome actually materialized, which was a further [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":42878,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[823],"tags":[1322,6549,6843],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/42875"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=42875"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/42875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/42878"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=42875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=42875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=42875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}