RATE Group | Cryptocurrency Market Update: Ethereum Bites Back Surging 25% in Two Days
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Cryptocurrency Market Update: Ethereum Bites Back Surging 25% in Two Days

14 Sep Cryptocurrency Market Update: Ethereum Bites Back Surging 25% in Two Days

Posted at 11:28h in Ethereum News by

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Markets are recovering this Friday; Ethereum, EOS, and Tron rising higher.

Markets have continued with their recovery from yearly lows as we end the week. Media outlets have been talking about a dead cat bounce, especially for Ethereum, but at the moment it is rallying again. Total market capitalization has climbed back over $200 billion and signals are bullish.

Bitcoin has made another 2.5% again today to send it up to $6,570. Analysts predict that BTC will form a double top at the $6,600 resistance level. Ethereum has surged almost 13% on the day to take it back to $213. From its massive low of $170 on Wednesday ETH has clawed back 25% in just two days pushing its market cap back over $20 billion again.

Mainstream media FUD harping on about the death of ETH has not deterred investors and traders who have got back in at rock bottom levels. There is no disputing though that Ethereum is down and still has a long way to go for a true recovery to be acknowledged. Right now $400 seems a…

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