{"id":120835,"date":"2021-04-12T13:59:49","date_gmt":"2021-04-12T13:59:49","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120835"},"modified":"2021-04-12T13:59:49","modified_gmt":"2021-04-12T13:59:49","slug":"bitcoin-ether-major-altcoins-weekly-market-update-april-12-2021","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-ether-major-altcoins-weekly-market-update-april-12-2021\/","title":{"rendered":"Bitcoin, Ether, Major Altcoins – Weekly Market Update April 12, 2021"},"content":{"rendered":"

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<\/span>ETH\/USD<\/b><\/span><\/h2>\n

The Ethereum Project token ETH hit a new all-time high last week, touching $2,146 on April 2 and managed to keep most of the gains before the weekly candle close on Sunday, which helped it add the stunning 23 percent to its valuation.<\/span><\/p>\n

On Monday, April 5 and Tuesday, April 6, the ETH\/USD pair continued to move North and printed yet another highest point of trading – $2,153. The rally, however, looked exhausted as profit-taking activities started to kick in.<\/span><\/p>\n

On the third day of the workweek, the ether dropped all the way down to $1,927 in early hours of trading before stabilizing above the previously solid weekly resistance level near $1,943 turning it into support. The uptrend remained intact and even though the coin lost 7 percent, the bullish market structure was not broken.<\/span><\/p>\n

Just like bitcoin, the ETH\/USDT pair rebounded from the support and started making its way back up on Thursday. It grew by 5.8 percent and reached the weekly open at $2,072.<\/span><\/p>\n

The last day of the workweek came with a consolidation around the mentioned level \u2013 preparation for an uptrend continuation, based on the uptrend channels formed on daily\/weekly timeframes.<\/span><\/p>\n

The weekend of April 10-11 started with a fresh all-time high on Saturday. The Ethereum token hit $2,199, right above the upper boundary of the trend corridor.<\/span><\/p>\n

On Sunday, buyers only managed to ensure a stable closure at $2,153 as the biggest altcoin finished the week 3.7 percent higher.<\/span><\/p>\n

It is trading slightly higher \u2013 at $2,176 on Monday morning, flirting with the diagonal resistance line.<\/span><\/p>\n

<\/p>\n

<\/span>\u00a0<\/b>Top 10 Movers<\/b><\/span><\/h2>\n