Bitcoin has been the dominant leader for most of this recent rally. However, it looks like the Ethereum bulls have finally woken up and pushed the digital asset to a high of $ 745, not seen since May 2018.
Despite the surge in the price of Ethereum over the past few days, the number of coins on the exchanges is still declining, indicating that it is moving to other platforms, easing the selling pressure.
Cardano price ready for 25% breakout to $ 0.22, depending on techniques
Cardano has been trading in a parallel channel for over a month and is approaching a breakout. The bulls have managed to secure several critical support levels and are now poised to push ADA above a key point of resistance.
On the 4-hour chart, Cardano established a parallel channel and the bulls pushed the digital asset above the 50-SMA, 100-SMA and 200-SMA, turning all three into support levels.
Polkadot targets $ 6 after Binance changes ETH to DOT on homepage
Chinese cryptocurrency and blockchain journalist Colin Wu noticed that Binance, one of the world’s largest cryptocurrency exchanges, replaced ETH in three cryptocurrency pairs on the homepage of Binance APP by Polkadot (DOT). The change took place on December 28, when ETH moved above psychological $ 700 and tested a new 2020 high of $ 736.
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