Ethereum’s New Rally is Here! What Can Traders Expect from Their Golden Cross?

Crypto Rover, reputed for covering all the latest and intriguing in the crypto world, had something new to break today. Ethereum, which has been one of the most volatile assets of late, can come up with a rally anytime now.  

There are prominent pointers according to Crypto Rover. But they are not revealing the pointers that helped them come to the opinion. Meanwhile, the market trends also suggest price movements and sharp volume shifts of ETHEREUM.  

Analysis  

A Crypto Rover tweet has gone viral. The article read: “Crypto Rally Starts Now”. On 7th Feb, the ETH price was more than $3200. Within 24 hours the price increased to $3450. Meanwhile, the trading volume also reached a recent high of 20.1 million.  

Two things are quite apparent from this movement. Firstly, the market fraction is huge. Secondly invested activity is also peaking. Thirdly a volume increase to 1800 BTC within the said timespan suggests Ethereum was more stable compared to Bitcoin at least for this period. A rally indeed.  

What does this rally mean for traders?  

The whole crypto world saw the amazing impact of this rally. The strength index of the to can move to 72 within 4 hours. Amidst an otherwise frail market, ETH was the only bullish alternative.  

Day traders may not have other technical indicators also. Bollinger bands increased. At the same time, traders were ecstatic to see the golden cross finally happening. The trading volume was 4.2 million within 4 hours, marking a share price of 1.2 million.  

The market now belongs to altcoins which empower AI to provide an in-and-out crypto investment product and try to decentralize the market. However, other than single platforms like Lunar Crush AI and a few others, tokens like ETH have been otherwise dominating. The AI tokens are also moving on their page.  

Meanwhile, ETH is also enjoying its golden cross period. The only thing that compares between the two is spiking trading volumes. It could give rise to more volume of algorithmic trading which is already up by 20%. Keep your eyes out for more impromptu trading behaviors after ETH’s GOLDEN CROSS.