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Crypto Markets Flash Green As Bitcoin Price Crosses $3,700 and Ethereum Surges to One-Month High

February 17, 2019

The price of Ethereum just set a one-month high. Trading at $135.15 on Binance, ETH is currently up over 9% in the past 24 hours, at time of publishing, and up from its 30-day low of $103.29 on February 6.

All of the top 10 cryptocurrencies are flashing green except for Tether which is down 1.45%.

Bitcoin crossed $3,700 and is currently at $3,710 at time of publishing, up 2.12%, according to data compiled by Coin360.

Bitcoin posted a high-volume move on February 8 which pushed the price of BTC to $3,711, its highest level since January 19 and the biggest single-day rise since December 28, before falling back down below $3,650.

However, analyst Josh Rager, an advisor at TokenBacon and Blackwave, says that since February 8, “BTC has been moving slowly sideways as the next strong move builds.”

https://twitter.com/Josh_Rager/status/1096916021556985856

Rager sees BTC eying its first green monthly candle since July 2018.

Meanwhile Ethereum is continuing its bullish trend after rising 25% last week.

Flip flopping yet again with XRP, ETH is now the second largest cryptocurrency, according to CoinMarketCap.

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