Bitcoin and Blockchain Assets are Bullish
Price action bounced off support at the rising 21d exponential moving average. Momentum is bullish, so we’ll look for a tailwind in many of the assets noted herein.
Ethereum is currently right behind Bitcoin, with a market capitalization of $434 billion, according to data trackiing service CoinMarketCap. It experienced a 15% surge within the past seven days.
Grayscale’s Ethereum Trust (ETHE) is following the assset as it moves through $3,700. Momentum is bullish; lower panel. Click to enlarge.
Futures are looking bullish going into the opening bell. Jobsless claims fell slightly.
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