RATE Group | Crypto Analyst: Ethereum Has Bottomed, Expected To See Extended Rally
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Crypto Analyst: Ethereum Has Bottomed, Expected To See Extended Rally

15 Oct Crypto Analyst: Ethereum Has Bottomed, Expected To See Extended Rally

Posted at 21:52h in Ethereum News by

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2019 has been the year of Bitcoin, while altcoins like Ethereum, Ripple, Litecoin, and others have continued to suffer and fall further from their all-time high prices set back at the height of the crypto hype bubble in late 2017 and early 2018.

But according to one crypto analyst, Ethereum may have bottomed and an extended bullish rally may be ahead as the second-largest crypto by market cap catches up on ground it lost against Bitcoin during the year.

Ethereum Primed for Parabolic Rally After Pullback Following Disbelief Phase

At the start of the year, the entire crypto market appeared to be rebounding out of the crypto winter it had long been trapped in and started showing signs of a bullish uptrend forming once again. But starting in April, Bitcoin and altcoins like Ethereum diverged, and the alternative crypto assets began to plummet even further, erasing what little gains had amounted during the year thus far.

Related Reading | Alt Season 2.0: Ethereum and XRP Post 20% Gains,…

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