Home Market Pulse Ethereum Gets Comfortable over $500 as Altcoins Move

Ethereum Gets Comfortable over $500 as Altcoins Move

By

-

November 23, 2020

202

Ethereum had a bullish weekend. It pushed above the previous 2020 high of $489 on Friday morning and quickly proceeded above $500.

This chart study analyzes the current situation for altcoins like Ethereum relative to the broader cryptocurrency market.

Click here to view the related idea and chart analysis on TradingView.

Explore the most actively traded options

Trade 600+ futures products on an advanced platform

IMPORTANT INFORMATION:

Market Insights, its pages and content are hosted by TradeStation Group, Inc.

TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under theTradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.

Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, including the document titled Characteristics and Risks of Standardized Options if you are interested in trading equity or index options. Online trading is not suitable for all investors. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.

Megacaps Lag as Stocks Keep Rising. Has the Great Rotation Begun?

Stocks Jumped in November as Sentiment Quickly Turned Bullish

Nvidia Is Sitting Quietly After Another Strong Report

Chart of the Day: Gold is Pushing $2,000

Nvidia Is Sitting Quietly After Another Strong Report

Chart of the Day: Gold is Pushing $2,000

Chart of the Day: Lululemon Could Be Running

Chart of the Day: Netflix Consolidates After Earnings Surge

Markets Feeling Dovish Before the Fed: 5 Key Charts Right Now

Did Stocks Just Break Out? Here Are Key Facts as Inflation…

Earnings Have Been Decent, But the Market Has Other Worries

Options Strategies for Earnings Season and Other Events

Will Inflation Hit 0% Again in November? Market Trends This Week

Breadth Widens as Soft Landing Goes Mainstream: Market Trends

Inflation and Market Conditions Improve Sharply: Market Trends Today

Goldilocks Could Be Emerging with Fed on Pause: Market Trends

Ethereum Gets Comfortable over $500 as Altcoins Move

MOST POPULAR

Rolling Options: Key Things for Traders to Know

A Stock Trader’s Guide to Effectively Placing Stop Losses

Markets Feeling Dovish Before the Fed: 5 Key Charts Right Now

Quadruple Witching Dates for 2023: How Can They Impact Stock and...

TAKE ACTION

Cryptocurrencies Score Gains as Payment Giant Enters Market

Bitcoin Rips Higher on Square News

Choppy Price Action Is Still the Trend in Cryptocurrencies

Banks Cling to Support Ahead of Stress Test

Market Pulse: The U.S. Dollar Appears Overbought

Market Pulse: Cirrus Logic Pulls Back to Key Levels