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Ether (ETH) Prices Surges 20%, Breaking Through $130 Resistance Level


www.cryptoglobe.com 23 December 2018 18:00, UTC
Reading time: ~1 m

The strong Ether (ETH) price rally, which started on December 15th, when ETH was trading around $83, continues. Here is the two-week chart for ETH/USD:

ETH - Two Week - 23 Dec 2018.png

At 15:00 (UTC) on December 15h, ETH was trading at $82.28. Since then, the price has gone up almost 60%, which shows that more and more traders may be realizing how oversold Ether was.

On Saturday (December 22th), at 07:00 (UTC), ETH was trading at $108.81. Less than 24 hours later, at 03:45 (UTC) on Sunday (23 December 2018), ETH broke through the $130 resistance level to reach $130.74, having surged 20% in the past 24-hour period. Here is the 24-hour chart for ETH/USD:

According to data from CryptoCompare, in the past 24-hour period, Ether is the highest gainer among the top 50 cryptocurrencies (by market cap). If this strong performance over the past week, Ether has a good chance of overtaking XRP to become once again the second most valuable cryptocurrency.

Featured Image Credit: Photo via Pexels.com

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