Ethereum

Flow

bullish

Spike

Coin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Ethereum and Binance Coin showed significant price increases over the past week.</li> 
 <li>However, market indicators suggest these upward trends may not be sustainable.</li> 
</ul>  
<p>The cryptocurrency market has seen a revival recently, with major altcoins showing promising growth. But analysis suggests this upward trend might not last. </p> 
<h2 id="performance-of-ethereum-and-binance-coin">Performance of Ethereum and Binance Coin</h2> 
<p>The past week has been favourable for investors, with most cryptocurrencies experiencing bullish rallies due to a change in market trend. <a href="https://coineagle.com/price/ethereum/">Ethereum</a>, often termed as the king of altcoins, saw its price increase by over 6% last week. <a href="https://coineagle.com/price/binance/">Binance Coin</a> also saw a price increase of over 9% in the same period. At the time of writing, Ethereum was trading at $2,624, while Binance Coin was valued at $523. </p> 
<p>Crypto analyst Alphractal highlighted that the upward trends of Ethereum and Binance Coin might not be long-lasting. </p> 
<h2 id="technical-analysis-of-ethereum-and-binance-coin">Technical Analysis of Ethereum and Binance Coin</h2> 
<p>The Moving Average Convergence Divergence (MACD) for Ethereum hinted at a possible bullish crossover. The Chaikin Money Flow (CMF) also showed an uptick, suggesting a potential price increase. However, the Money Flow Index (MFI) showed a downward trend, which could potentially disrupt Ethereum’s upward rally. </p> 
<p>The market indicators for Binance Coin also looked optimistic. The Relative Strength Index (RSI) displayed an upward trend, and its CMF also suggested a potential price increase. The MACD for Binance Coin also indicated a possible bullish crossover, suggesting a continued price rise. The long-term market behaviour of these cryptocurrencies remains to be seen. </p>

Ethereum, BNB Prices Surge: Momentary Spike or Steady Ascend?

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CoinEagle.com

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