ETH / USD leads altcoin park to break with Bitcoin

• The Ethereum Award stands at $ 180 for an incredible move to $ 200.
• The technical levels are their best for another majestic movement that could erase a $ 200 resistance.

The action of the Ethereum Awards over the weekend was both a surprise and a welcome gesture. Last week, we explained that investors might worry if Ethereum did not correct the downtrend as soon as possible. The good news is that the biggest altcoin seems to break with Bitcoin after breaking the downtrend with huge gains above $ 180.

The rest of the altcoins followed quickly. Bitcoin Cash managed to secure US $ 300 and grow to US $ 310 while Litecoin was up 1.7% after securing US $ 70 as primary support. The other high-performance altcoins on Monday are NEO, IOTA and Dash.

Ethereum, on the other hand, trades above simple hourly moving averages. Both the 50 SMA and the 100 SMA are playing on the price that is currently testing a resistance of $ 195. After an impressive 2.55% rise in value during Asian trading hours, Ether stood at $ 194.31.

The Moving Average Convergence Divergence (MACD) suggests that Ethereum is in a bullish range. As a result, the upward movements are not over yet and $ 200 is within reach. In addition, the gap between the 50 SMAs and the 100 SMAs continues to widen, indicating a bullish momentum. Old areas of high resistance at $ 190 and $ 180 will now be used as key support areas.

ETH / USD one hour chart