Individual Institutional Fintech & Developer
Sign in
Open account
Individuals Institutional

Call toll-free 800.328.1267

Login

Market Insights

Opportunity knocks for those with trading in their DNA.
Curiosity creates opportunity. Insights create strategy. Born traders create their destiny.

Stocks

Options

Futures

Market Pulse
Market Pulse
Ethereum Gets Comfortable over $500 as Altcoins Move
David Russell
November 23, 2020

Ethereum had a bullish weekend. It pushed above the previous 2020 high of $489 on Friday morning and quickly proceeded above $500.

This chart study analyzes the current situation for altcoins like Ethereum relative to the broader cryptocurrency market.

Click here to view the related idea and chart analysis on TradingView.

Tags:

About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

Related stories

Chart of the Day: Palantir Stabilizes Above Old Highs

Chart of the Day: Palantir Stabilizes Above Old Highs

by David Russell | Mar 26, 2024

Palantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity? The first pattern on today’s chart is the pair of rallies after the last two quarterly reports. Those may...

Range Potentially Forms as New Month Begins: Market Trends This Week

Range Potentially Forms as New Month Begins: Market Trends This Week

by David Russell | Mar 7, 2024

Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 Potential short-term range on S&P 500: 5057: 2/27 low 5127: 3/4 low of 5127 Potential "shooting star" on...

Chart of the Day: Royal Caribbean May Be Attempting a Breakout

Chart of the Day: Royal Caribbean May Be Attempting a Breakout

by David Russell | Mar 5, 2024

Royal Caribbean Cruises has spent more than two months consolidating, but it may be getting ready to move again. The first pattern on today’s chart is the trendline along the closes of December 28 and January 31. RCL ended yesterday above it, which could make some...