Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Sharpmax on April 15, 2021, 11:24:59 PM
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The Berlin fork was activated on the Ethereum (ETH) mainnet on April 15. It went live on block 12,244,000. The same day, the price also reached a new all-time high.
ETH is expected to continue increasing into price discovery. In addition, the rate of acceleration is likely to be faster than that of bitcoin (BTC).
Ongoing breakout
ETH/BTC has been increasing since March 24.
It managed to reclaim the ₿0.0352 resistance area on April 2. Afterwards, it validated it as support ten days later.
Since then, it has been moving upwards. The two main resistance areas are found at ₿0.0397 and ₿0.046. The former is the 0.618 Fib retracement level while the latter the February highs.
Technical indicators are bullish, indicating that ETH will likely increase towards the latter. This is especially evident by the RSI cross above 70 and the bullish cross in the Stochastic oscillator. Source (https://cryptonews.net/545884/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)