Latest Ethereum price and analysis (ETH to USD)

As the financial world focuses on the capitulation of the price of oil cryptocurrency speculators are weighing up the potential of a possible Ethereum breakout.

The world’s second largest cryptocurrency, which has a market cap of $19 billion, is currently trading at $170.78 after surging by more than 13% in the past week.

It momentarily broke above the crucial daily 200 moving average on April 18 before falling back below two days later.

It is now battling it out over over the 200MA ahead of this evening’s daily candle close, with a breakout being confirmed if it closes back above $181.25.

However, it’s worth noting that a rejection from the 200MA could lead towards a transition into a bearish phase in the market, with targets emerging at $151.89 and $133.59.

It’s been a typically volatile year for Ethereum and the entire cryptocurrency asset class. ETH is 33.57% up against its USD trading pair since the turn of the year despite being 41.96% down from its February high of…