Ethereum’s MA50 Just Broke a 500-Day Consolidation Phase; What This Means

Ethereum’s MA50 Just Broke a 500-Day Consolidation Phase; What This Means

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Ethereum has been consolidating alongside Bitcoin and most other major altcoins throughout the past several days.

This consolidation phase comes close on the heels of the strong upwards movement that sent the cryptocurrency surging from recent lows of $230 to highs of $415 that were set last Saturday.

Ever since it faced a rejection at this level, however, ETH has been caught within a bout of…

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