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Ethereum [ETH] takes flight – crosses $700

The crypto-market is in the bull race again. The day started off with all the coins crossing their resistance line and Ethereum [ETH] has turned out to be among the winners today. The coin has gone up by more than 9% in the past 24 hours and is currently trading at $700, as seen at press time.

With all the coins competing with each other to grab the top spot, here is another top scorer emerging out quietly after a long sleep. Ethereum [ETH] has been silent and had not seen much gains in the recent times. Such bullruns from the top coins are what is contributing to the overall growth of the market which has been increasing the total capitalization over the past week.

From touching the $425 billion mark, the market cap has been rising ever since and is standing at $423 billion currently.

Source: TradingView

Source: TradingView

The day started off with Ethereum trading at $636 and has witnessed 9% hike since then to close at $700 later in the evening. This defines a $66 gain within a matter of few hours on the same day. From 12:00 pm, the coin was observed to be shooting up to reach the peak. It has gained approximately 39% volume since the last 7 days with its market cap also gaining significantly and is now worth $69 billion.

ETH has done a great job in terms of recovery with its price as low as $302 in mid-April to reaching more than double of its bottom value. Bitfinex, OKEx, and Huobi are the top exchange’s trading ETH accounting for its total trading volume of almost 10%.

Nathan Arnold, an ETH holder is excited with the price surge and exclaimed:

“Ethereum is silently working on their technology hiding away from the market and here they are BOOMMM!!! out of nowhere directly to the moon. Whatever is the reason for the price surge, it is excellent. The perfect time to invest everything possible. So exciting!!”

The post Ethereum [ETH] takes flight – crosses $700 appeared first on AMBCrypto.



This post first appeared on AMBCrypto - Latest Cryptocurrency News, please read the originial post: here

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Ethereum [ETH] takes flight – crosses $700

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