Cryptocurrencies have been bottoming out for the past few weeks, downward pressure has reduced and this could be a signal for a reversal to the upside. Cryptocurrency investors will be watching Ethereum and other crypto’s, if we see price move up then bulls will be looking to take this up to $780.00 and a break of that level could bring complete confidence back to the cryptocurrency market.

Earlier on today(2018/07/24) Bitcoin which is correlated to all other cryptocurrencies started to pick up momentum to the upside and broke June 2018’s high of $7760.00. This could be a leading indicator for all other cryptocurrencies including Etheruem.

ETHUSD Daily Chart

ETHUSD Hourly Chart

BTCUSD Daily Chart

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