Ethereum retakes second position on the market after surpassing Ripple in market cap. Ethereum technical levels stay positive as cryptocurrency market retreats after weekend gains. The market is back in red following a weekend of stability. Ethereum alongside other digital assets corrected higher on Friday last week recording gains from the short-term support at $102 to monthly highs at $126.44. While the marker has started to trim the gains, Ethereum is staying above $120 support. Ethereum has also made a strong comeback in terms of the market capitalization. The gains come after a period of bear pressure where Ethereum refreshed the 2019 lows of $103. The gains last Friday were a welcome after ETH/USD tested the primary support at $100. A drop below this level would have been devastating for Ethereum including delaying recovery. The cryptocurrency technical levels are still high at the time of writing supported by high trading volumes. The market capitalization zoomed past Ripple to retake the second position as the data on CoinMarketCap. Ethereum is valued at $12.70 billion in comparison to Ripples 12.54 billion. In the meantime, ETH/USD is trading at $120.79. It is seeking a support at $120.00 while immediately anchored by $120.00. Slightly below this level the 100-day Simple Moving Average will offer support at $119.24. The next support target is at $116.00 while the main support still lies at $102.00. ETH/USD 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CAD eases from daily tops, 1.3300 handle now seemed to cap gains FX Street 3 years Ethereum retakes second position on the market after surpassing Ripple in market cap. Ethereum technical levels stay positive as cryptocurrency market retreats after weekend gains. The market is back in red following a weekend of stability. Ethereum alongside other digital assets corrected higher on Friday last week recording gains from the short-term support at $102 to monthly highs at $126.44. While the marker has started to trim the gains, Ethereum is staying above $120 support. Ethereum has also made a strong comeback in terms of the market capitalization. The gains come after a period of bear pressure where Ethereum refreshed… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
