Ethereum has been on fire, rallying more than 44% in the last nine days with the cryptocurrency registered a gain in each of those sessions.
While there’s been some volatility in the cryptocurrency markets, ethereum has been as steady as they come.
In fact, it’s been much steadier than the largest cryptocurrency, bitcoin. While bitcoin has been trading better lately, it’s struggling on Monday, up about 2% but well off the highs.
That’s even as CME Group (CME) – Get Report launches new micro bitcoin futures. It’s also as Coinbase (COIN) – Get Report tries to find its footing and as eBay (EBAY) – Get Report says it’s open to potentially accepting cryptocurrency payments.
For ethereum’s part though, the cryptocurrency is at its session highs and up about 10% so far on the day.
That’s vastly better than its other cryptocurrency counterparts.
Let’s see how far it can rally from here.
When we zoom out with a weekly chart, investors can see how powerful of a rally ethereum...read more...