Crypto News

The Ethereum gained 8% over the weekend: Josh Rager sees this as a “bullish reversal”

It seems that bitcoin is showing some “indecision” ninth consecutive week, making a lateral movement of about $10 300. According to CoinMarketCap at the time of writing this post, bitcoins were $10 362 (+ 0,25%).

However, an interesting achievement at the beginning of a new week boasts ether, which is 6:15 GMT 16 Sep added to 8.33%, exceeding $194,8. At the time of this post the exchange rate of the coins was $194,86 (+4,07%).

According to analyst Josh Rager, at the moment Ethereum can show signs of reversal. While on the cryptocurrency market is dominated by bitcoin, Rager once again draws attention to the second by market capitalization value. He wrote in his Twitter:

“The good news is that the price of air relative to bitcoin finally moved and closed above the daily 20MA. In the past few months, a downtrend can be determined by this indicator. The breaking down of a whole cluster of resistance levels can be a good confirmation of the bullish reversal.”
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