Ethereum: all-time high reached at $2,200
Ethereum: all-time high reached at $2,200

Ethereum: all-time high reached at $2,200

By Federico Izzi - 12 Apr 2021

Chevron down

Between Saturday and Sunday, the total capitalization of the entire sector exceeded $2 trillion for the first time, thanks in large part to altcoins, led by Ethereum, which are setting new absolute records

coin360 20210412

Ethereum in particular rose above $2,200 for the first time. 

BNB 20210412

Binance Coin (BNB) is doing better, as it continues to soar above $600, a rise that has seen it triple its value since its lows at the end of February. BNB has increased by a factor of 20 since the beginning of the year. 

The second week of April, benefiting from what happened over the weekend, saw a prevalence of green signs among the big names. Binance rose more than 25%, placing itself among the three best risers of the day. It was followed at a distance by Tron (TRX), +8%, and Cardano (ADA) +4.5%. 

Privacy coins are also up today, with Monero (XMR) posting a 15% gain and climbing above $340, its highest level since May 2018.

Ripple (XRP) also stood out over the weekend, revisiting $1.5 for the first time since January 2018, although this does not allow it to maintain its third position among the most capitalized, which is solidified by the strong rise of Binance. 

For the first time in the last two years, the dominance of bitcoin falls below 54%. This is due to altcoins rising above $950 billion for the first time.

DeFiPulse 20210412

DeFi also set new all-time highs, reaching just under $52 billion. Compound consolidated its position at the top of the list, surpassing the $10 billion mark for the first time ever. Maker (MKR) follows and the third position is a head-to-head between Aave and Uniswap. 

BTC 20210412
Bitcoin chart by Tradingview

Bitcoin (BTC) one step away from highs

Bitcoin is pushing upwards a step away from its mid-March highs. At this particular point in time, the trend reflects the euphoric momentum of the altcoins, a trend that will need to be confirmed in the coming days of the week. 

It is necessary not to go below 56,000 dollars, a level that coincides with the lows of last week, reference lows in order to understand the direction of the current monthly cycle. 

ETH 20210412
Ethereum chart by Tradingview

Ethereum (ETH) looking for confirmation after absolute records

The new historical records confirm the beginning of the new quarterly cycle. In the coming days of the week, it is necessary to confirm the holding of $1,900, a level that coincides with the previous highs of mid-February, now a support area. 

Federico Izzi

Financial analyst and independent #trader – S.I.A.T. & 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 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".

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