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Bitcoin sideways, Ethereum to the moon

Bitcoin sideways, Ethereum to the moon

BTC futures are holding on to Friday’s gains and currently are trading fractionally higher (+0.38%) at $57,530 after coming down from today’s highs at $59,000. Resistance remains at $61,000 and major resistance at $64,000.

Ethereum, on the other hand, has left the stratosphere on its way to the moon. Yesterday (Sunday), Ethereum broke through $3,000 for the first time and has risen substantially since then. If you watched our video report this weekend, you might recall me forecasting a break above this milestone price level by the end of the month. It actually happened a whole lot sooner than I had expected.

But Ethereum’s rising price over the last week has been a steady upward move like a rising tide, not like a tidal that hit over the weekend. For the last seven days, ETH has climbed up by nearly 32%. The steepness of the climb has been consistent since last Monday when prices were at $2,400.

Another topic discussed in our show “The Bitcoin Minute” was focused on traders that do not have access to online exchanges that offer cryptocurrencies. For those who, for whatever reason, do not wish to trade on spot exchanges, Greyscale’s Ethereum Trust (ETHE) is a good viable option as the premium on this trust has dwindled to nil. ETHE is trading up +16.95% at the time of writing.

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