Ethereum (ETH) and Dogecoin (DOGE) Crack New All-Time Highs

By Nick Cawley10 days ago

Ethereum (ETH/USD) and Dogecoin (DOGE/USD)Price, Analysis and Chart:

  • Ethereum (ETH) continues to press higher.
  • Dogecoin (DOGE) back in the spotlight.

Ethereum (ETH), the second-largest cryptocurrency by market cap, has broken above $3,000 with ease and continues to pare back Bitcoin’s market dominance. Bitcoin’s market dominance is now around 46.5%, a low last seen in August 2018, with Ethereum’s dominance now seen at 17.2%. Ethereum is up 30% over the last 7 days and continues to out-perform Bitcoin with the ETH/BTC spread now back above 600.

Ethereum/Bitcoin Spread Weekly Chart (June 2018 – May 4, 2021)

Ethereum (ETH) Hits a Fresh Record High, Bitcoin Cash (BCH) and Ripple (XRP) Rally Hard

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The daily ETH/USD chart shows how easily the $3,000 level was broken and suggests that ETH/USD will continue to point higher. The CCI indicator is showing that Ethereum is overbought, while the 14-day ATR shows that volatility is at record levels and again suggests a level of caution.

Ethereum (ETH/USD) Daily Price Chart (October 2020 – May 4, 2021)

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