HomeTradingEthereum News Today: the price of ETH takes a break, while Tron...

Ethereum News Today: the price of ETH takes a break, while Tron continues to rise

Despite the general context that may create some doubt about the continuation of the positive trend that is characterising this beginning of the year, the general picture remains set to rise and even the price of Ethereum (ETH) recovers the 150 dollars today, but without particular news.

The only ones down today are Bitcoin Cash (BCH) and Bitcoin SV (BSV) which, from the price of January 1st until today, indicate a negative balance, while all the other top 15 for capitalisation are in positive.

The best is Tron (TRX) which, continuing to rise, breaks away from all the others. Even today it is the best among the first 50 coins together with VeChain (VET).

Tron chart: https://it.tradingview.com/symbols/TRXUSD/

By scoring another +5% since the beginning of the year, Tron has risen by more than 40%, which, added to the performance of the second half of December, is more than 125%, a respectable performance that allows Tron to consolidate its 9th position among the most capitalised in the Coinmarketcap ranking.

Litecoin (LTC) is also differentiating itself from the others, climbing to second place as the best performance since the beginning of the year, with a rise of over 25% and prices fluctuating around 40 dollars, levels abandoned last November. The rise in prices pushes Litecoin to attack the 8th position of Stellar Lumens (XLM), ‘only’ 2 million dollars away.

Total capitalisation remains above $135 billion. In the last 24 hours, bitcoin dominance remains unaltered at 51%, with Ethereum at 11.5% and XRP at 11%. Volumes are also not particularly shaken, remaining just above the $13 billion traded in the last day.

Bitcoin chart: https://it.tradingview.com/symbols/BTCUSD/

Bitcoin (BTC)

BTC continues to hold the support of the 4000 dollars, remained so far untouched, despite the lack of purchases of these first three days of the first week of January. The Head&Shoulders bullish technical figure highlighted the past weeks has been left behind, now it is necessary to find new technical figures and identify further turning point levels.

Bitcoin prices continue to fluctuate within the 3800 and 4200 dollars range, which at the moment does not allow to confirm assumptions with good probability in favour of a primary trend, either up or down.

It remains useful to wait for the exit of the prices beyond this congestion in order to assist to a perky return of trading volumes which remained above the average of the last quarter but under the average of the last month.

Ethereum chart: https://it.tradingview.com/symbols/ETHUSD/

Ethereum News Today (ETH): prices rising slightly

Ethereum’s prices today, after having reached 146 dollars yesterday, have managed to regain the 150$ level, a technical and psychological level that on several occasions has catalysed upward and downward fluctuations.

Despite the slowdown in the climb, since January 3rd, the prices of Ethereum are trying to lay the foundations to set a possible further extension to new relative highs. The forks of Ethereum that will characterise the next days (from 11th to 16th January) will be an opportunity for speculators to take advantage of the movements, even violent.

The others, instead, prefer to avoid the risk and are keeping their Ether safe on proprietary wallets or on exchanges that will support upgrades and the new coins.

Federico Izzi
Federico Izzi
Financial analyst and independent #trader – S.I.A.T. & Assob.it partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa Diretta.tv and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. He was interviewed as a cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".