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Ethereum [ETH] out of the bearish grip, enjoys a 15.85% growth

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Friday, 14th September provided a silver lining to holders and investors alike as the market saw a bullish surge after a bearish market that had taken hold over the past weeks. The biggest gainer in the top 25 cryptocurrencies was Ethereum [ETH], just four days after reports showed that the cryptocurrency had suffered a 32.06% drop.

At the time of writing, Ethereum [ETH] was enjoying a 24-hour growth of 15.85% and was trading at $219.12. The cryptocurrency held a market cap of $22.34 billion with a 24-hour market volume of $42.51 billion.

Ethereum Charts | Source: CoinMarketCap

Ethereum Charts | Source: CoinMarketCap

The highest trade volume of Ethereum was on BitForex, which held a market volume of $998.18 million. Investors heaved a sigh of relief following the rise after a week that saw Ethereum declining steadily, which experts attributed to the sell-off of ETH by ICOs which they raised for their projects.

Some reports also showed that over $30 million worth of Ethereum was sold by ICOs over the last week, a crest untouched in two months. Financial experts also speculated that one other reason for the price drop can be the news that the Securities and Exchange Commission of the United States had suspended Bitcoin Tracker one and Ethereum Tracker one, two products offered by Coinshares Holdings. The statement released by the SEC said:“The Commission temporarily suspended trading in the securities CXBTF and CETHF because of confusion amongst market participants regarding these instruments.”

Vitalik Buterin, the Co-Founder of Ethereum was also in the news after he had stated in an interview that the time of 1000x growth was over and that from here on, it will just be a slow incline. He had stated that the slow growth will occur because it will take time to bring in a wider set of people who will adopt cryptocurrencies.

Following Ethereum’s rise, some users expressed their joy on Reddit threads.

Claxmon, a Reddit user stated:” All these talks of Ethereum ending has gone poof. Always hodl people, always hodl.”

Source:  ambcrypto

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Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Bitcoin (BTC/USD) is trading at 6706.08. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 6590.00 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 7190.00.

Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 6580.00. The abolition of the option of continuing Bitcoin growth will be the breakdown of the lower border area of ​​the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​6200.00, indicating a change in the bearish trend for BTC/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

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Ripple (XRP/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Ripple (XRP/USD) is trading at 0.5761. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ripple. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 0.5300 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 0.7210.

Ripple (XRP/USD) forecast and analysis on September 25, 2018

Ripple (XRP/USD) forecast and analysis on September 25, 2018

The conservative area for buying is located near the middle border of the Bollinger Bands indicator strip at 0.4680. Canceling the option of continuing Ripple growth will be the breakdown of the mid-range area of ​​the Bollinger Bands indicator bars, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​0.4500, indicating a change in the bearish trend for XRP/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

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Why Ripple (XRP) can jump 100x in value and become the world currency

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Ethereum (ETH/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Ethereum (ETH/USD) is trading at 245.16. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ethereum. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 238.00 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 280.50.

Ethereum (ETH/USD) forecast and analysis on September 25, 2018

Ethereum (ETH/USD) forecast and analysis on September 25, 2018

The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 220.50. The abolition of the continuation of Ethereum growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​200.00, which indicates a change in the trend in favor of the bearish for ETH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

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