As Bitcoin, the world’s largest cryptocurrency continues to consolidate its position under the $8,000-mark, many altcoins in the market are hopeful about latching onto yet another surge.
Ethereum [ETH]The world’s largest altcoin, Ethereum, has prospered over the course of April, with the cryptocurrency, at the time of writing, having recovered all its losses following the market crash back in March.
At press time, ETH breached its psychological resistance of $200, with the altcoin priced at $202.
The reversal in market trend was highlighted by the Parabolic SAR, with the indicator’s dotted markers found to be aligned under the price candles.
The Awesome Oscillator reflected the stalled momentum in the STEEM market as well, with the AO picturing a series of red candles.

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