Finally awake? Ethereum marks its highest level since November 2018

Ethereum has seen its prices rise by 7.5% in the last 24 hours, bringing the current price of the coin to around $ 181.50. Cryptocurrency has now started a remarkable race after rising 27.50% in the last seven days.

Today's highest price, $ 187 per ETH, is Ethereum's highest price since November 14, 2018. The latest is the date Bitcoin began to break from the long-term support line from 2018 to 2018.

The veteran crypto project is the second largest crypto by market capitalization value since it currently holds a market capitalization value of $ 19.14 billion.

Looking at the ETH / USD chart at 1 day:

• Since our previous ETH / USD analysis, we can see that the market has grown and broken with the symmetrical triangle we reported in our last price analysis. The market has continued to grow and has surpassed the peak resistance of 2019, at around $ 170. The price action recently encountered resistance at $ 185, where is the average level called 1.272 level of Fibonacci extension.
• Above: In addition to $ 185, the next resistance level is $ 194, which contains the level of bearish retracement of .786 Fibonacci, followed by a strong resistance at the legendary level of $ 200. One can then expect additional resistance at $ 212, where is the average level called 1.618 Fibonacci extension level.
• From the bottom: the nearest support level is now at $ 170. Below, support is $ 161, $ 151, $ 146, and the 100-day moving average, currently around $ 140.
• The RSI has recently entered the overbought zone, which could herald a potential downturn. However, we are still waiting for a crossover on the stochastic RSI.
• The volume of transactions rose steadily in April.

Looking at the 1 day ETH / BTC chart:

• As a result of our previous ETH / BTC, we can see that Etehreum has been on a roller coaster. The market initially fell under the descending triangle mentioned above. However, we can see that the coin found support around 0.032 BTC and bounced. The market is now trading at the upper limit of the falling triangle resistance.
• From the top: In addition to the triangle, the initial resistance is 0.035 BTC. More resistance above is found at 0.036 BTC and 0.037 BTC, where there is a short-term declining level of .618 Fibonacci. Above 0.037 BTC, the additional resistance is 0.038 BTC, then the zone of high resistance 0.040 BTC.
• Bottom: The nearest support level is located at the base of the triangle, around 0.0335 BTC. Below the triangle, the additional support is 0.0325 BTC, 0.031 BTC and 0.030 BTC.
• Since the recent stochastic RSI (in the oversold zone), Eheterum has returned to bullish territory.
• The volume of transactions also increased in April 2019.

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