Ethereum price rallies above $400 resistance on bullish!

Eth options open interest grew by 230% to reach $393 million in the past three months. Although this an impressive figure, it doesn't fully reflect how the derivative instruments being used.

The article link is here to know about more: https://cointelegraph.com/news/ethereum-price-rallies-above-400-resistance-on-bullish-eth-options-data/amp

The article link you have shared doesn't show anything, it shows an error 404. Ethereum has been bullish when the news about the POS was being heard on the news.

$433 is its price and it doesn't look that it went to a correction because the price was just near to $440. The resilience that Ethereum and even the other cryptocurrencies, mainly bitcoin show that we're actually bullish.

The article link here : https://cointelegraph.com/news/ethereum-price-rallies-above-400-resistance-on-bullish-eth-options-data

And as bitcoin is bullish, and so are the other alts, no exception for eth. As we observed, the performance trend of most alts follows the trend of bitcoin. And as bitcoin is somewhat bullish these days, eth also follows. Aside from the fact that people are excited about the upcoming Eth 2.0.

Quote from: jossiel on August 31, 2020, 10:19:19 PM

i think the OP should remove the /amp from the link
anyway i think the bullish trend already confirmed now, just wait for the moment when a huge movement come to crypto market

Quote from: cryptonx on August 31, 2020, 10:29:51 PM

Quote from: jossiel on August 31, 2020, 10:19:19 PM

i think the OP should remove the /amp from the link
anyway i think the bullish trend already confirmed now, just wait for the moment when a huge movement come to crypto market

Yeah, you are right.

I have removed those excess characters and the article showed perfectly as what op wants to discuss about Ethereum's bullishness and resistance.

If it continues to be hitting up to $500-$600 or even more, there's no need to think of it and there is no doubt as many will confirm it that it is time!

I'm very bullish with ETH these days, as I type right now, we've reached an ATH for the past 1 year at $462. And its not showing signs of slowing down.

Ethereum 2.0 will be an incredible upgrade and achievement for Eth from a decentralized finance DeFi use case point of view. And while DeFi projects are also booming, what can also help them is a similar project to ETH which is NEM's Symbol blockchain which can help scalability and provide liquidity. With all these moves from ETH and others, we'll reach a new ATH before this year ends.

Do you guys think that we can get a new ATH this 2020 for Ethereum?

Quote from: Twinkledoe on August 31, 2020, 10:28:20 PM

Big jump for Ethereum he is the biggest gainer today, so do we have something to hope now that Bitcoin touch the $11900 price level, a correction will follow of course but investors are now confident that I see Bitcoin moving to $13000 before the end of the month, the last four months of the year is clearly the most exciting months after the halving.
The high transaction fees did not stop investors from trading and buying Ethereum they know what Eth 2.0 will bring to investors.

I am sure ethereum will continue its journey up especially if you analyze the monthly chart you will see there are not many resistances on the way up any more. 400 to 450 was significant resistance which has been broken, if this trend continues we sn expect eth to reach 1k mark quite quickly.

Nice to see ethereum increasing and holding stable at around 400 . Let's hope it holds around this price before seeing a push to around 600 levels.