{"id":76132,"date":"2018-05-04T13:56:35","date_gmt":"2018-05-04T13:56:35","guid":{"rendered":"http:\/\/www.bnreport.com\/ethereums-ether-token-climbs-to-800-as-rally-continues\/"},"modified":"2018-05-04T13:56:35","modified_gmt":"2018-05-04T13:56:35","slug":"ethereums-ether-token-climbs-to-800-as-rally-continues","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/ethereums-ether-token-climbs-to-800-as-rally-continues\/","title":{"rendered":"Ethereum&#8217;s ether token climbs to $800 as rally continues"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.cityam.com\/assets\/uploads\/main-image\/full_width_article_body_image\/cryptocurrencies-rally-after-first-quarter-slump-951165820-5aec330ed99be.jpg\"\/><\/p>\n<p>Ethereum&#039;s ether token is continuing a rally today that has resulted in a near doubling of its price over the past month.<\/p>\n<p>The second biggest cryptocurrency by market capitalisation rose 2.47 per cent to $800.74 late this morning, according to Coindesk&#039;s aggregate index. This follows on from yesterday&#039;s rally, when the digital asset rose by nearly $100.<\/p>\n<p>&quot;Cryptocurrencies have been in demand again of late, with prices making higher highs and higher lows,&quot; Fawad Razaqzada, a technical analyst at Forex, said after yesterday&#039;s rally.<\/p>\n<p><strong>Read more<\/strong>: <a href=\"http:\/\/www.cityam.com\/278527\/ethereum-bucks-negative-cryptocurrency-trend-reach-all-time\" rel=\"noreferrer\" target=\"_blank\">Ethereum bucks negative cryptocurrency trend to reach an all-time high<\/a><\/p>\n<p>&quot;It is not clear what exactly is behind the rally but with the stock markets falling in the US, they may have found some safe haven flows,&quot; he said. &quot;If stocks remain under pressure then cryptocurrencies could extend their gains further.&quot;<\/p>\n<p>Razaqzada said ethereum was showing &quot;relative strength&quot; among the major digital currencies.<\/p>\n<p>&quot;The crypto has rallied sharply away from [April&#039;s $400 support] level and it has almost doubled in price.&quot;<\/p>\n<p>Meanwhile, bitcoin was trading less than half a per cent down at $9,693.64 at the time of writing, continuing an upward march from its April lows.<\/p>\n<p><strong>Read more<\/strong>: <a href=\"http:\/\/www.cityam.com\/281715\/fintech-leaders-predict-ethereums-market-cap-surpass\" rel=\"noreferrer\" target=\"_blank\">Fintech leaders predict ethereum&#039;s market cap will surpass bitcoin&#039;s<\/a><\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\/\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum&#039;s ether token is continuing a rally today that..<\/p>\n","protected":false},"author":1,"featured_media":76133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-76132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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