Why This Trader is Optimistic That Ethereum Will Spark a Massive Altcoin Rally
Altcoins have been closely tracking Bitcoin and Ethereum’s price action as of late, which is a positive sign showing just how far the markets have come over the past few weeks. While in the past, Bitcoin rallies occurred independently from the rest of the market, with altcoins trailing it or rallying during consolidation phases, the […]
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Ethereum has been popular for its performance over the course of its lifetime. But even more impressive has been the way that the cryptocurrency has been performing against top rival Bitcoin. The latter which is the pioneer cryptocurrency has itself given investors massive returns. So the fact that Ethereum has outperformed it at every turn now gives the digital asset even more credibility. Ethereum does not seem to be stopping its trend of outperformance when it comes to bitcoin though. Throughout 2021, ETH had been the top performer of the two and this has carried on into the new year as....
Ethereum Classic has put on a show for the crypto market in the last two weeks. The rallies which have seen Bitcoin and Ethereum hit one-month highs have propelled the altcoin to some of the largest gains recorded in the market. After rallying almost 100% in the previous week, another massive rally has made Ethereum […]
Bitcoin’s price action heading into election season has been incredibly positive, with bulls taking full control of its trend as they attempt to push it above its 2019 highs of $13,800. Each break above this price level has resulted in it seeing strong selling pressure, which could indicate that it will continue struggling to gain […]
Ethereum is primed to move even higher according to a top trader on Binance. He cites two technical trends: a falling wedge and ETH’s ability to maintain the low-$300s and high-$200s. Ethereum Poised to Surge To Fresh High: Leading Binance Trader Ethereum has undergone a strong retracement since its year-to-date highs near $490. The leading cryptocurrency currently trades for $345, far below those highs due to a strong correction in the price of Bitcoin. ETH […]
Ether price has surged past $730 in a strong overnight rally, breaking out against Bitcoin. The price of Ether (ETH) has surged past $730 for the first time since May 2018. Following ETH’s breakout, traders are becoming more optimistic in its short-term trajectory.There are two major factors behind ETH’s strong rally: a strong technical market structure and the CME Ethereum futures listing in January 2021.Ethereum continues to see the “higher high” patternIn technical analysis, the higher high pattern often indicates strong momentum because it shows every new peak is higher than the....