Ethereum has recovered from Sunday’ slow, but momentum is waning. Trading volumes reached the highest point since May 7. Ethereum is changing hands at $458 at the time of writing. The coin recovered about 1% of its value during recent 24 hours, however, it is down over 60% from 2018 high reached at $1,326 on January 14. Ethereum’s market value has settled at $46B, while the average daily trading volume jumped above $4B from only $2B registered on Sunday. It is a noticeable increase, as the last time the trading volume climbed above $4B handle on May 7, right after the coin had created its recent top at $835. This may signal that ETH/USD has reached the bottom at $420 (Sunday’s low), however, we need to see a sustainable upside movement above the sloping trendline (currently at $520) before any optimistic conclusion can be made. On the intraday level, ETH/USD is squeezed between 50 and 100-SMA at $452 and $464 respectively (hourly chart). A sustainable move higher will pave the way towards $500 handle with 200-SMA on approach. An extended sell-off will bring $440 and $420 into focus ETH/USD, the daily 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 German Govt said to tighten tax rules for online retailers – FAZ FX Street 3 years Ethereum has recovered from Sunday' slow, but momentum is waning. Trading volumes reached the highest point since May 7. Ethereum is changing hands at $458 at the time of writing. The coin recovered about 1% of its value during recent 24 hours, however, it is down over 60% from 2018 high reached at $1,326 on January 14. Ethereum's market value has settled at $46B, while the average daily trading volume jumped above $4B from only $2B registered on Sunday. It is a noticeable increase, as the last time the trading volume climbed above $4B handle on May 7, right after… Top 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.
