Best Time to Buy Ethereum Could Be Soon: Last Cycle Suggests
Ethereum has been in a descending channel against Bitcoin since August of last year, meaning Bitcoin has been the better investment over this time. However, historical trends show the tides could be changing soon, with Ethereum possibly on the brink of entering an accumulation phase. Related Reading: Bitcoin Price To Reach $170,000 in 2025 – Mathematical Model Predicts Ethereum Price Action Ethereum is trading at $1600, marking a 22% decrease from its price last August. Bitcoin, on the other hand, is 8% up over the same period. This is a common trend that happens during bear markets. Coins....
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Ethereum is actually outperforming Bitcoin in 2020. The price of the leading cryptocurrency is up to $460 as of this article’s writing, but peaked at even higher levels in the summer. Even after this rally, the coin remains far below its all-time high price of $1,450, set in the peak of the bubble in early 2018. Analysts think that Ethereum could surge past that all-time high in this cycle, though. Ethereum Has Room to Rally, […]
Bitcoin has consolidated in a tight $1,000 range since the start of September, at least until recently. The leading crypto-asset is in the midst of a breakout that has brought it as high as $11,500. As of this article’s writing, Bitcoin trades for $11,350, around 5% above where it was yesterday. Crucial market cycle analysis suggests that the crypto market has room to grow from here. The analysis suggests that within the next three months, […]
On-chain data suggests this signal that has historically occurred around Ethereum peaks has yet to appear in the current cycle. Ethereum Foundation Wallets Haven’t Made Large Outflows This Cycle So Far In a new post on X, the market intelligence platform IntoTheBlock has discussed a pattern that Ethereum has witnessed alongside its previous market peaks. The pattern in question is related to the netflows for the wallets associated with the Ethereum Foundation. The ETH Foundation is a non-profit entity supporting the cryptocurrency and its ecosystem. Related Reading: Shiba Inu,....
Markets are cyclical, and move in a variety of patterns that can often give insight into what phase of a market cycle an asset like Bitcoin might be in. But could time also play an important factor as to when market cycles come to the climax? Evidence suggests that the crypto market is especially sensitive […]
Crypto analyst Quinten François recently highlighted a cycle indicator that suggests the Bitcoin bull run is just about to begin. The crypto analyst highlighted several fundamentals that paint a bullish picture for BTC heading into this bull run. The Bitcoin Bull Run Could Be Two Months Away In an X (formerly Twitter) post, Quinten reminded […]