On Tuesday, September 05, Ethereum, the world’s largest altcoin, was boosted by 1.55% pushing most cryptocurrencies up including Bitcoin which is the world’s biggest crypto.
The second-largest cryptocurrency in the world by market cap improved to $3,397.26 with a 24-hour change of $51.76.
Currently, Ethereum has a market capitalization of $398.71 billion. It has a 24-hour volume of $819.08 million with a $3,275.13 low and a $3,437.06 high.
In early trading, ETH gained its robustness moving beyond the level of $3,200.00. It even climbed over $3,300.00 and the 100 hourly simple moving average.
However, its price failed to clear the area of $3,500.00. Nonetheless, a high was established just about $3,489.00 before a downside correction happened, similar to what happened to Bitcoin.
Additionally, bulls were active close to the level of $3,275.00 and the 100 hourly simple moving average. Then, a low was created near the zone of $3,275.00 following a new price increase.
Moreover, there was a break over Ethereum’s resistance level of $3,350.00.
Then, Ethereum ascended beyond the 50.00% Fibonacci retracement level of the falling movement to $3,275.00 low from $3,489.00 high.
Also, there was a break above a decreasing route with resistance close to $3,380.00 based on the ETH/USD pair hourly chart. Now, it is consolidating near the zone of $3,380.00.
Besides, a prompt resistance on the uptrend is just about the level of $3,420.00. Ethereum’s first major resistance is near the level of $3,440.00.
Crypto Rose as Ethereum Increased
Furthermore, Bitcoin spiked 3.49% to $49,767.00 with a market capitalization of $932.09 billion and a 24-hour volume of $33.39 billion.
Likewise, Cardano accelerated 2.07% to $2.22 with a market capitalization of $71.28 billion and a 24-hour volume of $2.07 billion.
Consequently, Ethereum Classic gained 2.72% to $53.45. It has a market capitalization of $6.98 billion and a 24-hour volume of $937.24 million.
The same with Litecoin which hopped 0.32% or $168.15. It has a market capitalization of $11.55 billion and a 24-hour volume of $2.77 billion.
Also, Binance Coin gained 2.72% or $434.01 with a market capitalization of $73.02 billion and a 24-hour volume of $1.56 billion.
In addition, Dogecoin soared 10.30% or $0.24 with a market capitalization of $31.20 billion and a 24-hour volume of $3.94 billion.