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The Price Action Points to A Bullish Reversal in Ethereum As It Moves Above the 50 SMA

The Price Action Points to A Bullish Reversal in Ethereum As It Moves Above the 50 SMA – Forex News by FX Leaders

Cryptocurrencies had a terrible year in 2018, losing most of their value. But, after consolidating in Q1, digital currencies turned bullish and climbed more than $280 form the bottom. At first, it wasn’t certain if Ethereum would turn bullish, but after trading close to the 50 SMA and eventually crawling above it, it became increasingly clear that the trend was changing.