Crypto currency Breaking took place when investors were tired of shallow movements that have been going on for months. It was an important step to exceed the price of Ether $ 3,000, and the US PPI data came positive, while the BTC remained strong over $ 118,000. ETH managed to exceed the lock level after 165 days.
Altcoins and Ethereum (ETH)
ETH price After 165 days, it exceeded the $ 3,200 threshold. $ 3,050 (roughly) was a key point to be protected before $ 3,500. Now there is something that motivates investors as the price progresses to the resistance level of $ 3,500. BTC is very high and there is a 100 %profit here, even if it brings to $ 250 thousand. However, ETH is still well below the AC level and needs to see a loop summit on it. In other words, we see investors who start to think that it is attractive to buy Ether.
The last time at the beginning of February, seeing these levels in a decline Ethereum (ETH) 
$3,157.06 22 %below the summit in the November elections. A movement to $ 4,100, and in the scenario where it is exceeded, the price now needs to return to the $ 5,000 limit and discover the real AC region.
This will be a major event for the general of the subcoins because the increase in the price of ETH while BTCD loosening will trigger a transition from BTC to Ether. Investors who think that ETH rise (just like BTC) is limited to 2-3X will not satisfy themselves, will turn to assets with a lower market value of 5-10x.
ETHBTC Bulls based on the threshold of 0.027 after 140 days in the parity earned 51 %. This impressive gain against the BTC says that the 0.02957 and 0.03262 area can now be tested.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
