Ethereum Shows Positive Growth—What This Means for Monero and Cosmos
Ethereum's Growth Potential Ignites Altcoin Speculation
Ethereum (ETH) is showing signs of life, with recent price gains indicating that the long-anticipated breakout might be underway. After a period of relative stagnation, ETH's renewed momentum has crypto enthusiasts speculating on its potential to ignite a broader altcoin rally. As the second-largest cryptocurrency gains traction, Monero (XMR) and Cosmos (ATOM) could benefit from an Ethereum-led surge. ChangeNOW, a service for exchanging cryptocurrency without registration, reports increased transaction volumes for Ethereum, Monero, and Cosmos.
Ethereum Surges Ahead: Bulls Push Prices Toward Key Resistance
Ethereum is on the rise, with prices now approaching the key milestone of $3,000. Over the last week, the price jumped by nearly 16%, and almost 20% over the past month. The Relative Strength Index is above 63, showing bullish momentum. If this trend continues, Ethereum could reach the next resistance level near $3,100 and potentially aim for the second resistance around $3,200, marking a notable increase from current levels.
Monero (XMR) Shows Signs of Growth Amid Bullish Momentum
- Monero is currently trading between $150 and $165.
- Recent increases of 5% over the past week and 10% for the month.
- If Monero surpasses its immediate resistance at $172, it could potentially reach $186.
Cosmos (ATOM) Gains Momentum as Bulls Push Prices Higher
- Cosmos is displaying upward momentum, trading between support at approximately $3.42 and resistance around $4.88.
- Should the bullish trend hold, the next resistance level at $5.62 could be within reach.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.