RATE Group | Latest Ethereum price and analysis (ETH to USD)
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Latest Ethereum price and analysis (ETH to USD)

04 Feb Latest Ethereum price and analysis (ETH to USD)

Posted at 22:30h in Ethereum News by

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At the time of writing, Ethereum (ETH) is trading at around $188 following a 6% increase in price since last week.

Over the past 24 hours, ETH has remained unchanged.

The world’s second-largest cryptocurrency by market cap has been pushing to the upside since the start of the new year and is now back above all its EMAs.

As mentioned last week, the current ETH price action is showing bullish signals. The altcoin is already breaking the key resistance levels I mentioned last week – around $170 and $190.

Let’s take a look at the chart for Ethereum, courtesy of TradingView.

During the second half of 2019, ETH consolidated from a high of $320 to a low of $119, representing a price depreciation of 63%.

The altcoin experienced significant drops during the summer, and then again during September and November.

However, in a welcome turn of events, ETH has been putting in higher lows since the start of 2020, with price growing from $119 to around $190, where it now sits. In sum,…

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