Ethereum and Ripple. The Race for the 2nd (and may be 1st) place
So, the number 1 in terms of capitalization among the cryptocurrencies - The Bitcoin - is slowly heading down (its share decreased from 54% to 36%)
This is not only due to the reduction of BTCUSD, but also because of the growth of other cryptocurrencies, including BTC’s closest competitors.
Ethereum recently lost it’s second place in terms of capitalization to Ripple, which took off.
However, today, seeing that the growth of Ripple is exhausted, Ethereum went on the offensive and regained the second place.
Along the way, drawing an attractive Buy picture on the charts.
In our previous review of Ethereum, we wrote about the figure "Diamond" on the graph.
In technical analysis, it is considered a reversal figure.
However, today we see that ETHUSD, pushed away from the slow moving average on the daily chart, made a breakthrough and reached a new maximum of $ 890
Now the rate has rolled back on $ 840. However, if the day closes above $ 800 - it will be a record and will give a signal for a medium-term purchase.
Recommendation: buy
This is not only due to the reduction of BTCUSD, but also because of the growth of other cryptocurrencies, including BTC’s closest competitors.
Ethereum recently lost it’s second place in terms of capitalization to Ripple, which took off.
However, today, seeing that the growth of Ripple is exhausted, Ethereum went on the offensive and regained the second place.
Along the way, drawing an attractive Buy picture on the charts.
In our previous review of Ethereum, we wrote about the figure "Diamond" on the graph.
In technical analysis, it is considered a reversal figure.
However, today we see that ETHUSD, pushed away from the slow moving average on the daily chart, made a breakthrough and reached a new maximum of $ 890
Now the rate has rolled back on $ 840. However, if the day closes above $ 800 - it will be a record and will give a signal for a medium-term purchase.
Recommendation: buy
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