Ethereum is currently ranked second on CoinMarketCap. Its price has been surging with great pace as the market turns bullish in the past couple of days after taking a hit from the beginning of the year.
Ethereum’s price in the last 24 hours is surging at a double-digit rate of 10.57%. Ethereum is currently priced at $801 rising with a hike of 19.16%, making Ethereum one of the highest gainers in the top 10 cryptocurrencies on the last 7-day average.
Throughout the day today, it has shown a promising growth rate. The Moving Average of 10 base points, as well as the 100 base point moving average, show an upward movement which indicates, that Ethereum will continue to rise and break through the $800 mark.
The RSI also indicates that Ethereum is overbought in the market at the moment.
In the past one hour, Ethereum has shown positive growth rate in price, it continues to surge at the rate of 1.62%. These promising numbers will reflect on Ethereum’s price.