Ethereum may be primed for a bull run; could follow Bitcoin’s cue and surge by 1100%

2019-4-24 18:00

The Golden Cross theory seems to have sent every crypto-enthusiast into a tizzy. Ethereum also exhibited the Golden Cross, which usually indicates a change in price trends. In light of the prevailing the bear market, the cryptoverse on Twitter speculates that this could be the start of a bull run.

Ethereum’s daily chart shows a recurring pattern which is underway. This pattern resembles the move which happened back in 2016-2017.

Source: TradingView

The chart shows a 1-2-3-4-5 pattern formed between 2016-2017, which led to the bull run and caused the price to peak in 2017. A similar pattern was evolving at press time, which could indicate a bull run in the immediate future. Additionally, the volume seems to be miming the previous pattern.

Although Ethereum is the second largest cryptocurrency in the world by market cap, it still hasn’t sufficiently decoupled from Bitcoin. Altcoins being coupled to Bitcoin is a disadvantage because they will follow Bitcoin’s lead in both pump and dump movements, regardless of the development happening in their respective ecosystems.

Fundstrat’s Tom Lee tweeted about the correlation with Bitcoin, stating that the decoupling hasn’t happened and altcoins would follow the same pattern as they did during the last bull rally. He tweeted,

1/ Since 2015, one of the “pre-conditions” for the start of alt-season is a drop in the correlation between Alts and $BTC

This drop in correlation has started recently (lower part of chart and scale is inverted)

This is a data point to suggest alt-season could be underway… pic.twitter.com/g10Fjzx50q

— Thomas Lee (@fundstrat) April 20, 2019

He further added,

“past alt-seasons averaged 1,100% gains. Will the next alt-season be as strong as the past? Given there are probably only ~50mm active wallets (vs 5 billion Visa/MasterCard accts), we think crypto still early in the adoption curve. So it should be similar”

Assuming the pattern holds true and the bull run comes to pass, altcoins, including ETH, may undergo a similar wave led by Bitcoin.

The post Ethereum may be primed for a bull run; could follow Bitcoin’s cue and surge by 1100% appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3834.4 (-0.31%)
Объем 24H $19.083b
Изменеия 24h: -0.04 %, 7d: 1.10 %
Cегодня L: $3832.71 - H: $3849.72
Капитализация $460.658b Rank 2
Цена в час новости $ 154.89 (2375.56%)

ethereum could run 1100 golden cross primed

Источник: ambcrypto.com

ethereum could → Результатов: 126


Why Standard Chartered says Ethereum (ETH) could pump to $35,000

While the Bitcoin or Ethereum debate rages on between early investors and maxis, London-based bank Standard Chartered already seems to have picked a side.  The bank, in a recent research note, said Ethereum could outperform Bitcoin over the next few years, even stating it ‘structurally’ values the world’s second-largest cryptocurrency by market cap at over […] The post Why Standard Chartered says Ethereum (ETH) could pump to $35,000 appeared first on CryptoSlate.

2021-9-10 22:00


Could an Ethereum Miner Dump Drive ETH Prices Lower?

Bitcoin has been firmly in the driving seat over the past couple of weeks and recent on-chain analytics suggests that things could get worse for crypto’s number two, Ethereum. Analytics and blockchain data firm Santiment has been delving into some on-chain metrics for Ethereum, which is still at the heart of DeFi, and they’re not […] The post Could an Ethereum Miner Dump Drive ETH Prices Lower? appeared first on BeInCrypto.

2020-10-28 18:45


Goldman Sachs Bear Market Indicator Reaching New Highs for Stock Market

Cryptocurrency, Goldman Sachs, Stock Market–While investors respond to the upcoming Bitcoin Cash hard fork, the majority of the market continues to anticipate news surrounding the approval of a Bitcoin Exchange-Traded Fund by the United States Securities and Exchange Commission, a move that could signal the entrance of large capital institutional investors.

2018-11-13 05:58


Netta Lab обнаружила уязвимость в виртуальной машине Ethereum

Организация Netta Lab заявила, что обнаружила уязвимость в виртуальной машине Ethereum, с помощью которой можно бесконечно исполнять смарт-контракты, не оплачивая газ в сети. Об этом 9 ноября написал Twitter-аккаунт Netta Lab.

2018-11-12 11:44


В сети появились сообщения об уязвимости в виртуальной машине Ethereum

9 ноября в Twitter-аккаунте Netta Lab появилось заявление о том, что эта организация обнаружила уязвимость в виртуальной машине Ethereum, которая позволяет бесконечно исполнять смарт-контракты, не оплачивая газ в сети.

2018-11-10 11:34


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Fear and Greed Index hits 74: What it means for Bitcoin

The crypto fear and greed index recently hit 74, indicating extreme market greed. Bitcoin miner revenue soared over the past month. The rally that Bitcoin [BTC] saw over the last few weeks, The post Crypto Fear and Greed Index hits 74: What it means for Bitcoin appeared first on AMBCrypto.

Altcoins to triple in value? Analysts predict a breakout!

Altcoin market cap exceeds $1.1 trillion, signaling potential for an ‘altseason.’ Analysts predict a significant surge if resistance levels are broken. The altcoin market, a segment ofteThe post Altcoins to triple in value? Analysts predict a breakout! appeared first on AMBCrypto.

Will Ethereum surge to $4.5K before ETH ETFs go live?

Ethereum's price nears $4,000, influenced by optimism around newly approved ETFs. Market analysts suggest the potential for Ethereum to reach as high as $10,000 in the current cycle. In the The post Will Ethereum surge to $4.