Crypto Markets Flash Green As Bitcoin Price Crosses $3,700 and Ethereum Surges to One-Month High
The price of Ethereum just set a one-month high. Trading at $135.15 on Binance, ETH is currently up over 9% in the past 24 hours, at time of publishing, and up from its 30-day low of $103.29 on February 6.
All of the top 10 cryptocurrencies are flashing green except for Tether which is down 1.45%.
Bitcoin crossed $3,700 and is currently at $3,710 at time of publishing, up 2.12%, according to data compiled by Coin360.
Bitcoin posted a high-volume move on February 8 which pushed the price of BTC to $3,711, its highest level since January 19 and the biggest single-day rise since December 28, before falling back down below $3,650.
However, analyst Josh Rager, an advisor at TokenBacon and Blackwave, says that since February 8, “BTC has been moving slowly sideways as the next strong move builds.”
$BTC Monthly Chart
Bitcoin is working on its first green monthly candle since July 2018
The past 6 months Bitcoin has seen red on monthly, a break and close below $3413 will continue the red monthly trend pic.twitter.com/RLLi5N02BB
— Josh Rager 📈 (@Josh_Rager) February 16, 2019
Rager sees BTC eying its first green monthly candle since July 2018.
Meanwhile Ethereum is continuing its bullish trend after rising 25% last week.
Flip flopping yet again with XRP, ETH is now the second largest cryptocurrency, according to CoinMarketCap.