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ETH/BTC daily chart
ETH/BTC Daily Chart. Data source:Poloniex

Ethereum (ETH/BTC) extends the good run on extremely high volume. ETH/BTC is trading at 0.01334681 up +7.65% from 24h trading, on the verge to break the year high of 0.013500. On Ploniex market, the overall Ethereum volume of Ƀ12373 is 85% of total combined volume of all altcoin trading volume of the day.

The current uptrend represented +86% gain from the lowest on December 28 2017. The trend is boosted from the growing adoption by numerous projects and ventures based on Ethereum platform. Additionally, Bitcoin rises to record high price also ramp up the interest and perception on altcoins in the long run. Beside ETH, DASH and ZCash is another two altcoins that attract significant buying activities at the moment.

Noteworthy ETH/BTC Price Levels,

Year High 0.013500 February 14 2017
Year Low 0.007823 January 2 2017
data source:Poloniex

Technical indications,
✘ The leading Conversion line moving away down from Base line
✘ Price increasing distance away from Senkou Span B(green line of the Kumo Cloud)
✘ Signal line cut above MACD line and both are steadily rise

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Note : This post is only look at technical chart perspective

Please let us know what your thoughts on this latest cryptocurrency sensation and update us if you have any insights in the comment section below.

Chart via tradingview, data source from Poloniex,, SimpleFX and BitMEX.

The author is a self-described cryptocurrency activist. Ironically, he is not involved directly on the development and mining. But a keen trader that specifically studying and analyzing the chart and prices based on zen principles of candlesticks price action techniques. And most importantly, he is always prone to deceiving price movements that can exposes to trading losses. So trading based on his personal opinions is extremely risky and not advisable.

Please do your own due diligence before making any investment decision. This article should not serve as investment advice. This post is mainly as reference and tutorial for trading on possible cryptocurrency breakout.

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