Cryptocurrencies are enjoying a happy Friday. The price of Bitcoin has topped $4,070, hitting the highest levels since February 21st. $4,188 is the next line to watch.
Ethereum, Vitalik Buterin’s brainchild, is trading above $141, also at the highs. ETH/USD is only at the highest since mid-March.
Ripple is lagging behind with XRP/USD still stuck below $0.31. Ripple has been on the back foot of late.
There is no immediate trigger for this surge in the top two digital coins but technical levels have become more favorable.
As Tomas Salles explains:
The MACD on the 4-hour chart shows a significant bullish profile accompanied by wide line spacing. The setup is bullish in the short term.
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