- ETH/USD cleared the bearish trendline resistance amid a wide spread bullish spike.
- “Privacy is a fundamental human right,” Apple CEO Tim Cook.
The cryptocurrency market has seen a slight recovery on Friday awakening the sleeping bulls. However, the market capitalization has remained stable around $209 billion since yesterday. Ethereum had been glued around $202. The support at $200 has been very instrumental stopping all bearish movements that threaten to deflate the price heading to the primary support at $190.
There was a break above the support and ETH/USD cleared the bearish trendline resistance. Moreover, the bulls were unstoppable overwhelming the bears at the moving average resistance. Ethereum zoomed past the 23.6% Fib level between the last upswing around $205.65 and a downswing around $199.92. The price tested $206 before correcting lower. A short-term support has been established at the 38.2% Fib level.
Ethereum is trading at $204, besides, it is primed for gains above $205 and eventually break above the former support at $210. The MACD has spiked above +0.624 signaling the increasing buyer entries. The RSI has retreated from the overbought but still maintains high levels. Ethereum bulls must battle to keep the price above the 38.2% support to give them time to push for more gains heading to $210.
In other news, the co-founder of Ethereum Vitalik Buterin has recently congratulated Apple for its contribution towards the privacy of data. The CEO of Apple, Tim Cook shared with his followers the importance of privacy in the digital age. “Privacy is a fundamental human right” Cook wrote after the ICDPPC 2018 event. He continued with the Twitter thread:
“Technology is capable of doing great things. But it doesn’t want to do great things. It doesn’t want anything. That part takes all of us. We are optimistic about technology’s awesome potential for good — but we know that it won’t happen on its own.”
In responds to the steps that Apple is taking towards safeguarding user privacy, Buterin said in excitement:
“Very happy that Apple takes privacy seriously to the extent that it does.”
ETH/USD 15’ chart
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